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I note in the RNS the use of the plural regarding 'sale of Tanzania assets'. Ruvuma and Helium1?
Might be worth asking the BOD if that plural is significant.
Big Double & Chris, appreciated you’re doing this this morning, look forward to hearing back from you both!
So tempting to uy some more as the sp looks as though it wants to explode on good news. The only problem is if there is bad news it will implode. Still a high risk gamble but with potentially great reward for anyone who gets in now. Unfortunately I don't have the money I can afford to lose.
I think everything hinges on the farm out completion and ultimate sale of our Ruvuma stake.
If and when is anyone’s guess although rising sp is good to see our mc is still only 20% of what it was in the reef days.
Morning steve, they obviously will not release any price sensitive information to us. See their "incentive" options have already reached the vesting price, so no incentive at all. This will be one of the main points of focus for me, hardly a stretch goal.
Nice to see the SP on the move again, might even fill that gap at 1.5pish
Good morning Chris.
Maybe some answers to just what is or isn’t going on.
Thanks again and look forward to update later.
All set for 10:00 OT2 Simon or I will report back later today.
there is very little information in the public domain so what can you learn .good luck what time is your conference call.As of this moment there is no reason whatsover for the board to award themselves any cheap options prove you are worth it first .Also there communication with shareholders since the aborted deal has been a disgrace
Give them a kick up the a*se BD
I’m interested in where the cash has been spent? Was £3m at the beginning of last year? When will the annual report be released?
It seems rather sad that a team that came with such high credentials have to resort to this particularly as they have nothing to show for two years on the job and our only asset is the product of the last management,
I accept that this has been a difficult year and certainly not a time to be rewarding themselves while diluting us in the process,
There is no excuse for the poor performance,
Thanks BD and CP for your input.
Seems all this was done before.
The board still do what they want to do.
Hope the farm out completes soon.
IMO we will sell it all.
Once again thank you both.
Totally agree with you BD. Thanks and god luck.
Many thanks bigdouble
Myself and Chris will be attending a conference call tomorrow morning with the board. We, along with many shareholders are concerned by the lack of progress during the past two years. This together with how the Board are diluting us for their own gain is in my opinion totally unacceptable. We will update the board after the meeting. The board have reiterated that we will be given no information that is not widely available to all investors.