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SP is where it is due to a lack of confidence driven by countless missed timelines. Confidence requires some concrete action from Hanno and team. This doesn't mean delivering one part of the additional information requested by EDM. It means at the very least delivering everything they promised for the end of June that wasn't impacted by Covid - SHATS, EPC, Historical costs. If Hanno has half a brain he'll be working on that news and stalling the new agreed timetable if it looks as though the tariff is going to be pushed to Q1. If the new timetable has Q4 pencilled for tariff approval then we're off to the races and he can release that news alongside the other overdue agreements. Remember we need the SP over 8p for 5 consecutive days to force the warrant holders into exercising at 6p. This will give us an additonal £1.3m, which in turn will remove any funding concerns until FC. That's of course relying on Hanno not giving any more money to his brother. Hopefully not too long to wait now. Surprised there's not more FOMO sinking in at the moment. Shows levels of confidence I suppose.
Really pleased with today's news. It paves the way for more substantial updates this month (i.e. SHA TS, Histroci Costs and EPC), and am confident they are coming.
Good luck folks!!
Interesting RNS BUT no trades today. Little interest from peeps atm...
Agreed, but for that to happen we need the agreed EPC, historical costs and SHATS, which were all due end-June and had nothing to do with EDM. Then we need to have submitted the study, and then, if we're lucky, we can get the tariff agreed in Q4. Once tariff is agreed we will have our 3 bagger. But the fact we're still waiting for over-due news is why we're not higher now. And we still need to see the tariff penciled for Q4 in the revised timetable. Otherwise all of the above news will only take us to 5-6p. No point putting on rose tinted glasses here.
Hanno, if you're reading this you need to do better. At the very least you need to deliver the 3 x overdue news, which were promised in the 'coming weeks' and are now 5 weeks past the end-June deadline.
Yes. Good to see the start of what we think will be a line of positive news updates.
I still think NCCL has all the hallmarks for a 3 bagger from down here