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You are so full of it, public school tw*t. Thank goodness I sold a quarter of my holdings this afternoon. Wish I had sold the lot. I will be reducing down to 10% tomorrow. Yes I will solidify a very large loss but I will gain my sanity. I’m sick and tired of the endless hope and b@ll**** over the last 10 years.
I did read it Mr ST. A very interesting and informative read. It makes sense of why we have get to where we have currently got to re: radio silence and backtracking of SP. Thanks for the effort you put into tracking this stuff down.
I'm pretty sure they thought they had something in the bag, hence the over confidence and hubris in early March. They even got Malcy in on the act, as well as a triple visit to the studios of proactive investors, in the short space of a few months. It would seem that is now off the table and the CHAR BoD have scuttled back into their safe room to mull over plan B or is it D, dunno, I'm losing count.
I agree PoD. I'm not so concerned about a single trade, it's more to do with a lack of of a market update. It would help to understand whether this is a renegotiation of rates or something else. There was even mention of RBW short-changing the B. government. This specific accusation should have been addressed by now.
I beg to differ TB. That was a relatively large trade. We are now in the 13p range. The communication with shareholders has been poor. In a market that is making headline news on almost a daily basis, this radio silence is doing nothing to attract new investors or generate confidence in existing ones. I fully understand the need for time to renegotiate etc but the longer it goes on without the simplest of updates the more consideration is given to darker outcomes. If it was a negotiation for new rates based on concentrate percentages, surely a simple statement could be released to that effect, without interfering with ongoing negotiations and sensitivities.
In the last 3-4 months PRD have gone up about 400% and rising. CHAR have gone up about 20% and falling steadily for the last two. This would seem to contradict the CFOs over the top confidence back in March. Pretty misleading tbh.
I’ve had this in the back of my mind for some time. We are not the only potential source of gas for the kingdom and it’s growing power needs I see this as our biggest potential threat. Morocco would be overrun with gas if all the various projects come in. In reality they are probably going to go with the ones that present the best options and of course, with options comes negotiation leverage. Selling surplus gas will come further down the road I would imagine. Not an option we want given our cash position. Our boys will need to play a good game to come out on top.
Good to hear. I am starting to get nervous about CHAR though. The last time we heard from the CEO and CFO, they seemed to indicate both through tone and words, imminent news and looming news flow. This has not happened. As I suspected some time back, they have either run into a serious block or the deal they thought they had in the bag has since dissolved. I know these things take time, but they had a lot of time before their optimistic announcement. I do hope this is not the case.
I’m not quite sure why proceedings would be significantly slowed down by Covid, unless main players got ill. I would have thought all meetings could be done on line and data room information made available with encryption etc etc?
Bad timing. If this RNS had been released after some resolution or interim statement of progress to Burundi we would be in a far superior position Re SP. The company know this which would indicate that the problem is relatively complex and may take some time to sort out
MM make their money by maximising trades. Their bot algorithms are designed to do precisely this. By encouraging sells one week then buys another they get a percentage more trades than they otherwise would. Cynical and very irritating.