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https://www.businessnews.com.au/article/88-Energy-locks-in-Project-Icewine-farm-out
So it’s time to dance Mr DW
If we believe the last RNS then we hold a good hand. With 5 trading days left in June by now all concerned should know if a deal is agreed or not. These are the facts.
Talk of curves and creaming is largely irrelevant now. What is important now is the next RNS which will be one of three things:
1. No FO deal reached, SP goes sub 0.7p
2. More time needed, SP holds
3. Deal reached with a Tier 1 or 2, SP +1.5p
I won’t be going to bed early tonight ...
AIMHO
Subsequent to the selection of a preferred bidder, indicative terms have been agreed and due diligence is now largely complete. The remaining steps are; final decision on approval and documentation of the agreement. Both steps are scheduled to occur in June 2019. The Company advises that there is no guarantee that final approvals will be granted
Now.
None of us are foolish enough to think games and spin do not occur in business. Of course they do, the corporate world is propped up by it. But the above is from the last RNS. It does lead you to believe they are 75% there ... final decision on approval and documentation.
To me that’s the final step and then the formalities of documentation especially the legals and commercials.
Surely it’s not just spin ... and games. If it is it’s blatant manipulation and lies.
Let’s stay positive
So now we wait. Everyone has an opinion which makes for good discussion. Like many I’ve been here for 3+ years and read many good promises and had my hopes dashed ... not broken mind you ... just dashed.
My view is we will get good news next week. I don’t think the SP will go higher than 1.5p however, possibly 2p. That’s just my feel ... based on not a lot!
Tick follows tock
£65K ... now thats a statement of intent right there. Could be an broker/institution making their play? Who knows ... so we are down to 5 days Surely if this was no deal we would know by now? It would be soul destroying now to get an RNS saying ... discussions broke down and a deal.could not be reached. The last update saI'd it was being finalised. I still believe it will come good
I suppose you believe or you don't ... Believe ... deal is finalised and announcements being prepared within next 8 days Don't believe ... either deal has fallen through and/or the board especially DW have been stringing us all along ... a view I can't buy into BTW
As it’s gone very quiet ...
Exciting ... nervous ... exciting month ahead. Every morning I check the ASX ... Christ if I wake up in the night I check it! Have watched this board for over 3 years, personally I believe our time is coming. Won’t ramp it more than that. GLA