Logical assumptions16 Jan 2019 10:09
I am strangely calm based on the below assumptions:
1. Zaza is aware of the deadline to appoint Nomad and is doing everything in his power to get one appointed ASAP
2. He is also aware of of how to obtain an extension should this move beyond the 24th
3. 30 days is deemed a reasonable period of time in order to appoint a new Nomad and for due diligence
4. Zaza is aware of ramifications for shareholders if he fails to appoint Nomad
5. There is a sense of urgency to appoint a new Nomad, but not to come out of suspension. This would be better to coincide with other positive developments
6. Other developments, and progression of these, ie NY funding, may impact on the negotiations with Hope/Outrider, and so I am happy to have complete radio silence on these things until CC is settled.
7. Both Zaza and SN are heavily invested and I believe their interests are aligned with shareholders
I don’t expect any tweets or communication until OOCS or Nomad appointment, whichever happens first. GLA