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Yes, I am hoping this is a sleeping giant. They have the assets to increase revenues significantly and I expect once they are in a position to quantify the size of contract wins in Mozambique, this should move up quite swiftly.
Longstop date tomorrow (Friday), should get some news on RTO. Hopefully an RNS.
Exciting time after whats been a long wait.
Very much looking forward to the future with Agulhas Group Africa (AGA).
Now is the time investors should be loading up. Were so under the radar here.
So..after looking up what force majeure means..looks like the gas project is in some sort of jeapordy?
Not a good rns on the face of it, which maybe why somebody sold yesterday. I thought that was very unusual given that we were expecting good news.
On the plus side the rto seems to be still on
Although yet again delayed!
Any thoughts optimist13, bigmj?
Hi Bloodshot, I am disappointed by the further delay to the RTO and the reduced growth opportunity as a result of the hold up to the Mozambique LNG Project. However, there are still considerable opportunities for Comarco and our investment seems pretty secure against the land assets at the Port.
If anything, the current market value of the Comarco business may have diminished slightly which could be good news for AAAP shareholders in the longer term.
AAAP just needs to minimise all expenditure until they get the RTO across the line.
You have a good point. Looks like still have the rto and despite delays I think the gas project is just too important for the area and will eventually go ahead once security is seriously beefed up.
Its a hold for me.