The problem JD, is that is from the man who gave us 'not if but when', 'tipping point' and 'our stars are aligning'. He only has a history of not delivering. Otherwise everyone, including me, would be piling in.
I would add to bring down my average but I cant completely convince myself that this isn't all smoke and mirrors and that there's a good chance I could lose the lot. That's the LC effect. To-date it has all been promise and disappoint and no PPAs before the year end will be yet another example.
He hasn't spoken to me for over 2 years. He was much more credible when he at least had the courage to take a call from a concerned/disgruntles shareholder. He lost my respect when he lost his bottle.
LC does not take criticism well, regardless of how politely it is delivered. He obviously still somehow believes that 10p to 0.39p is an achievement and has added shareholder value.
‘‘The Company has, however, stated at several occasions in recent time that it is looking at finalising more than one PPA by the end of 2019.’ For MCPP.
‘Definitive PPA with Vale based on the initial terms in the PPTS targeted for agreement and finalisation during Q4 2019’. For BIPP.
Are we now assuming this has surprisingly been delayed?
LC remains a massive liability not only because he can’t deliver anything other than dilution but I now expect him to do the dirty on LTHs again at some point. I believe its when not if on that one.
Yep today’s RNS added nothing definitive to say anything is certainly going to happen. It’s just agreements which might mean something at some point. We need PPAs. Looks like MCPP remains dead as a dodo. I wonder when the MED delay RNS will drop or will it just be buried in another fluff RNS about something else.
Given the expected news I was somewhat horrified to see that we had yet another presentation update. We have had more than enough presentations. We need solid news and a broker more. LC just doesn’t get it.