I usually get a reply but it's not always Jay. Sometimes it's just YJ but always very accommodating. I try not to bother them often as clogging the system with emails is not useful :-). Besides as others point out they can't provide new info but I can at least put across our views.
I expect a mutual agreement to extend the 30 day period, for buying the remaining 6.5%.
Solo probably doesn't have the money right now and would like to see commercial production first. AEX will still need money when KN-1 is brought onstream, and besides, 3.5 million is an excellent price for a 6.5% share, at any time.
So maybe we shouldn't expect too much this week....
Under contract with TPDC so nowt they can do despite reservations but they must realise its not entirely down to AEX for delays and what company would step in replacing AEX particularly in this economic climate and ponderous Tanzanian red tape . Also why have a strong buy recommendation if you think TPDC may start to be getting jittery. As for SOLO methinks their decision hinges on the date and production levels to be announceed. If its 20mbcf + all well and good within a month or so. Waiting for RNS tomorrow
Surely the TDPC will soon start to have reservations about AEX's ability as a partner in the timely delivery of their developemnt programme? If they haven't already they surely will before long and at that point they might decide they are better off backing another horse... and one with "production" experience.
JB needs to deliver soon or it could quickly unravel.
TT you are, here, simply expressing the feelings of many of us on this board and feelings that we have been voiceing for quite some while; of ultimate priority is that date for commercial production after which I feel that, as I said just the other day, the dominoes will start to fall. The point though, and my concern, is that whilst these things might already have been lined up, until that date for commercial production has been announced there is little that JB can reveal, subsequent agreements that are all contingent on this one event and, yet again, this is NOT in JB's control....
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