In my VIEW11 Mar 2020 15:35
Nothing has changed here....if anything todays RNS brings more CONFIDENCE!!! for investors.....well it does for me......traders want to make a quick buck....their aim is becoming wealthy overnight....which aint going to happen here on aim ..on any share let alone orcp....
Todays rns contains lots of POSITIVES......one of them being the following...
"The Minster of Energy made a specific request for the early, and prioritised, issuance of the LOI by PPIB."
LoL...
under normal circumstances ...it takes 15 days to issue....LOI......what does it mean when energy minister makes "specific request for the early, and prioritised, issuance of the LOI by PPIB." when the wait is only 15 days....the way i read this abstract is.....
ministers way of thinking .."FFS 15 days to issue LOI for this last PRIORITY project under phase 1 is too long.....you have taken the p1ss on this for too long..all other projects have had their LOI etc...get this FKN LOI issued for BLOCK VI as soon as final documents are in....do it as matter of URGENCY...do it in HOURS when docs are in not days ...you are not going to take P1ss any more....not under my WATCH.....
LOI will be fast tracked as indicated..so everything else falls in place ahead of JCC meeting.....i.e JIA / SA....
Another point...is this
"Moreover, the Letter confirmed that in November 2019, Block VI was also included in CPEC for the conversion of coal to gas and urea projects (please see the Company's announcement of 19 November 2019 for further information). This makes it the only project within CPEC with development across both energy and oil & gas. The Letter placed significant emphasis on the importance of this with respect to increasing food security for Pakistan, with Block VI also providing a new dimension for bilateral CPEC cooperation and increase investor confidence in Pakistan."
Project 2.....COAL to GAS to UREA ..is lot closer then many think......
Final point from RNS....
"The level of support now witnessed from these official channels is noteworthy and a testament to the quality of our work on the ground".....repeat......."QUALITY of our work on the ground"....this shows they have been working on the ground......memon did mention in that interview that china coal was due on ground soon.....digging/drilling some holes...to justify the finance etc.......i think lots have gone on...on the ground....we just dont see it......
PATIENCE is the name of the GAME!!!......
These GOLDEN tickets will be worth well north of where we are right now in not too distant future.....if you can afford to HOLD onto them for more than 5 mins then this is your chance to get NICE entry price.......if you PLAN to trade this.....then it can go either way as ...TRADERS tend to sell on small weakness.....so they can lose....trying seeing the picture over 5min period.
To WIN it you have to be IN it.....BUY/HOLD/ADD...for me.....
GL