Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Not quite, that was the GOV internal contracts & PSA review which was concluded late last year. I am talking about Shell and Equinor HGA that was signed in Jan with PSA negotiations supposed to be complete by September or in September, can't remember which.
Pretty sure that was the reason you gave for the previous license extension delay which has been and gone. Here again!
I still think it's a holding pattern till the PSA is agreed with the majors.
"1.0 Waiting on Gov approval for the 3D seismic."
But surely not CP, PoC told us that there was absolutely no reason for the Tanzanian authorities to withhold approval? That with the need to complete the 3D seismics within the weather window we would surely see the approvals very soon. Lol!!
"2.0 They have met the TPDC several times in the last few weeks and discussions are ongoing with both parties apparently agreeing it needs to be resolved quickly."
We have heard that same refrain countless times in RNS's and AGM's over the least decade - it has long lost any semblance of credibility.
They've been involved since 2016? At what point do you realise they hold little sway with the government? Budgets have gone through which is the best indicator of progress, but commercials need to be agreed. I doubt much will happen until that's all agreed. Would you spend money without based on the government's history?
I'd like to hope the appointment of the Sultan Al-Ghaithi is a good move. Can you imagine the Sultan sitting down with TPDC and asking them simply, do you want us to invest in your country's O&G industry, or not ? If such a meeting happens, I guess approvals will suddenly open up big time. This is why those investors that thought way back we could go it alone were mistaken. We now have some considerable clout.
Meanwhile, nothing from Frank and his merry bunch of telegram people, trading away trying to earn an extra crust from the aminex saga. They suffer risks of course but for me, they are an anathama. I am a truly devoted LTH mug, hoping for a discovery like no other to come in my lifetime.
Here’s hoping! Thanks
Sorry #2 is of course the outstanding $8 mill
Just a couple vike.
1.0 Waiting on Gov approval for the 3D seismic.
2.0 They have met the TPDC several times in the last few weeks and discussions are ongoing with both parties apparently agreeing it needs to be resolved quickly.
Here's hoping on both then.
Wasn't able to dial into the call. Did they address any questions as they said they would?
Even late for their own AGM. Sounded like an AI presenter.
That was interesting. Just read the rns word for word.
Invalid pin it says cp
Call now 12:00........
As set out in the Company's Notice of AGM, due to the coronavirus pandemic this year's AGM, to be held at 11 am on Thursday 29 July 2021, will again be a closed meeting. Accordingly, shareholders will not be admitted to the AGM however they will be able to listen to the proceedings of the meeting remotely by teleconference using the dial-in details below. Please note that there will not be a presentation accompanying the formal business of the meeting.
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Just pinged off a few questions to the Board as well. Mostly about tax dispute, 3D and development/farmout options for Kiliwani & Nyuni. We're information takers on Ruvuma now as non-operators, so I feel that project is not in our control.
Fair play Tanzania ...not much more that can be added on how useless consecutive Ceo s have been
I decided to fire off an actual, old fashioned letter to Smith Square for messrs Santos, Mackay and Lansdell on a stick and carrot basis, praise for concluding the Farm-out and prudence shown running the company's affairs. Mentioned how our fortunes have changed for the better with the end of the previous government regime but any delay to the programme going forward could set back shareholder value. Instead, proposed shareholder fillip to get some positive news about cash/debt recovery, 3D seismic start up or possible future rig contracts. Don't expect a reply but only hope we get thrown a few crumbs of comfort by the BOD on Friday. Is anyone getting the meeting live and if so, could they update kindly update us with the news ? Grateful if possible.