Oh Malky, how racist of you! And here you are trusting an Aussie one? ROFLMAO! Ocht well, I suppose there's the fact this one is at least in part, a Morris dancing, combine driving scrumpy drinker. ;-))
Yes we have cash in the bank for now. Re: "financiers being given the upper hand" I for one would rather this project was mothballed until suitable funders signed on the dotted line, better that than any of them being given too much of an upper hand and perhaps diluting us out of sight. There's no point in that for PI's, and I've been here far too long to accept any financiers taking advantage in that way. I'm sure that won't happen, but at the end of the day if we can't get funding relatively quickly then the market doesn't think that Poly4 and YP are viable. If that's the case then we're sunk. As I've said before this project is binary.
Re: "purdah" I would agree with Scotty on that one. It would be difficult for any remain campaigners to accuse Brexiters of electioneering if the SoS was to give the harbour the go ahead during the purdah period. Who's to say an approval decision would be best for inners or outers.
Wow your friends must have been really surprised that they trusted a banker and it went wrong? Are you joking? What prompted my investment in Sxx is the man and not the resource. cF has put his time in this which is a diminishing resource for him. I feel good re my investment here rather than putting it with some bankers in scotland. Trusting a Scottish banker?????
I really don't see what this project has to do with Purdah. It is a soley private project in which the gov serves no more than planning permission for a dock facility within an industrialised zone. There's no public purse for procurement, or long term contractual bindings.
And in fear of kicking of a debate again, I find it deplorable that and democratically elected government is bound to a session of purdah by powers on foreign shores. It just demonstrates what little power the UK gov has! Over and OUT.
GK summed up the present situation in a nutshell yesterday, 'Appens when it appens' The BoD sensibly gave themselves room for manoeuvre when releasing the DFS, sorting the financing was to take a "number of months", I for one am a lot more relaxed with this approach than I was at the start of the year when the company was missing its own self imposed deadlines for release of the DFS. Coupled with a run of recent RNS releases that have underpined the SP the PR side of the company appears to have learnt lessons, whilst waiting for the funding news is frustrating at least we are not having the ramp up preceding set dates followed by collapse in SP when set dates are not met as happened with the DFS. I don't see any news on the SoS decision on the Port application until the EU referendum is concluded as the political purdah period has now started although I can not see the BoD sitting there at the AGM with no positive news for shareholders. Isn't the AGM the day after the EU referendum? RNS on the morning of the AGM? Certainly fit well with the 1.00pm start! Whatever happens regarding the Port decision and the substantive funding it will as GK said 'Appen when it appens' but wouldn't it be good to see something 'Appen on AGM day?
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