RE: Say no to the deal29 May 2026 08:03
As expected the usual doom and gloom merchants have their tantrums after every presentation. Sou's expansion into renewable energy was always dependent on the gradual income from phase 1 over the next 2 years until phase 2 kicked in. As mentioned the above ground projects have zero risk compared to drilling and a fast turnaround for income. Any income producing assets bought will just accelerate the Companies growth using our clean balance sheet going forward. As far as the debt is concerned we have no choice but to clear it and come out with something. I know it's not the expected outcome and we are all very disappointed, but sometimes when things don't go to plan "you have to get back up,dust yourself down and start again",gla!