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I agree AA, last year was even worse, at least now Aex confirm that it's the PSA review that has delayed it, why we had to find that out from the Tanzanian press and swala RNS is beyond me. Surely they should have communicated this before.
Aminex and the Zubairs clearly belive there is a chancee of the licence before the 31st (I assume they have a meeting with the Tanzanian gov and I have heard the same from elsewhere) like alanP I am not so sure but will be extremely happy if it materialises.
@ caddy, the Tanz gov published this September 2019 for the majors to conclude terms.
Notice you didn't say which September. I used to visit this page about 6 times a day to make sure that I didn't miss anything. I reckon once a month should cover it now. Bloody useless.
C.P
Its just painful to keep getting cained for the same reason, why keep putting timelines on things that are not met?
I recall some years back being in Cey while they where awaiting government approval to mine in a certain area and while the wait wasn't helpful I don't recall them having longstop dates, eventually the share price recovered without the approval.
Very frustrating AA. Not much AEX can do till the gov issue the licence, best case is next 7 working days although I think it's unlikely myself that the PSA review would be complete before the Majors complete their negotiations in September?
For Solo however the BOD need to deliver on their strategy deals. As steve said it's 4 months now since the launch and 4 to 6 months seems a reasonable time to put a deal together to me, so anytime between now and September.
It seems unfair that both Solo & Aex are being punished every time the licence fails to deliver, the bod must be aware of this so why don't they do something, it's damaging for shareholders, they really do need to deliver something soon.
Because if you’re not invested then why should you reap the rewards? Suspension will be best then anyone who wants in has to pay a premium
That’s exactly what I want, a suspension. That way anyone who is currently not invested and waiting to get in, get caught out!!!
Hi steve, we certainly deserve an update on what they have been doing. See UOG enters suspension due to RTO of a rockhopper asset this morning. This is exactly the type of deal that Malcy was suggesting, so where is ours?
Last thing I want to see is a deal and any possible suspension coincide with the extension licence being issued! I assume from the AEX rns that the BOD are meeting with the Taanz gov prior to the 31st of this month?
It has been four months since the announcement of the boards strategy update.
I assume the board are working flat out on the company’s new strategy. I know these things take time but they must have been working on it months before they announced it.
To sum things up Ruvuma nothing ntorya nothing sale of hh interest sale of iow interest proposed sale of reef interest. Does make me wonder if costs of over £1 million are justified. I’m sure this point will be mentioned at the forthcoming agm.