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“Tariff negotiations with EDM, whilst taking longer than the agreed timetable, remain positive. We have received approval from EDM and other relevant parties to conduct further work on an optimised transmission integration solution that is expected to further reduce costs. This work is not expected to impact the negotiations and will continue in parallel with them.”
Sounds overall like the outlook remains positive, but equally the outcome not as close as we would all like.
RNS out. Do i really want to open it??
Behind FT paywall, but gist seems clear :
"Coal: fossil fuel is burning bright despite renewable energy drive
Blame China for breathing life into a moribund industry."
June 24, 2021
Thanks G_G_G. Totally with you. I was forced out of these and others when my platform merged and I joined Fidelity platform. So I opened an X-O non-ISA small account just to buy back these and FFWD which I still feel could make good.
So Oldabutnotwisa :) Just kidding Olda. I know the feeling, as you've probably seen my frustration on this board. Having said this I think the ultimate question one needs to ask is whether the main project is going ahead. I don't mind if I have to wait another 2 months, providing the tariff gets signed, which will unlock everything including an early sale. I'll obviously be apoplectic if it doesn't given all the work that has been done and 'positive discussions' that have taken place.
As mentioned I would like to see Hanno and SF do everything in their power to calm investor nerves while we await the tariff. There's two key issues stopping PIs investing in the company. The first is whether the tariff is going to be signed, and the main project sanctioned. The second is funding concerns given the lengthy wait for the tariff agreement. Hanno so far has given us a few +ve updates, which I personally found reassuring and appreciate. However the share price hasn't budged due to these two key issues. If directors were to cash-in some options / warrants this would answer both concerns of PIs. It would show confidence in the project being sanctioned. And it would provide much needed cash whilst we await tariff approval. The directors have done it before at much higher prices so I see little reason not to do it again if they're confident in a successful outcome. It will also mean when the tariff lands our sp is more likely to be around 5-6p and break double digits, rather than bouncing off the magical 10p barrier from a lower level. Those of us who have been around long enough know 10p is a hard nut to crack. A higher mcap means far greater ability to raise money for solar or the main project, and settle existing debt. It's in everyone's interest so I'm hoping after the black-out period SF and Hanno look into this and make it happen. AIMHO GLA
...was 22 June. At least no leaks yet! I am trying to stay positive here (and on all my other ****ty specs right now!!)
If I knew when I first invested in the continent what I know now. I would not have bothered