e mail from CEO23 Feb 2015 11:12
All, this is the e mail received from the CEO on Feb 18th.
If anyone wants the original e mail sent to them, please leave your e mail address.
I did indeed try to call and left you a message. I cannot give you any information which has not been released to the market via an RNS announcement. However I can tell you that if there was bad new to announce, we would have announced it. We have made no such announcements.
Our recent share price fall was the sale in a block of 4 per cent of the company at a foolishly large discount. The seller was a UK institution for whom this holding was too small for the portfolio at the current depressed price, so they just dumped the stock through market makers. It seems all to have been absorbed.
The one thing I can do is point you to the public statements of Eskom and the government of South Africa as to the planned extension of all MTPPP contracts, of which IPSA’s Newcastle Cogeneration is a beneficiary.
When there is something to announce, we will announce it, I promise. In the meantime there is nothing more which we can say.
Best regards,
Peter Earl
Peter Earl
Acting Chief Executive Officer