RE: Sp this week29 Jun 2021 12:49
FireAnt -The decline started when the Company failed to produce it's BFS in October then January as announced by Paul Atherley's interviews at the time. Instead we got a rather flimsy Business Report which didn't tell us anything we didn't already know. He also mentioned that the Company would break ground in Angola in January - we are still waiting for that. The Company has strangely given up with corresponding with shareholders (the people who own the Company), the lack of response to emails is shoddy management.
On the plus side we have Saltend which does actually seen to be progressing thanks to favourable local politics. The share price ran away with itself when it reached the dizzy highs of 205p (probably would have gone a lot higher if the BFS was released), so a drop was likely.
As it looks like funding won't be an issue and institutions are coming onboard, I think the share price will rise steadily again soon. This is a medium / long-term hold, it's a no brainer. But the Company doesn't help itself....the delays kill any momentum.
Simple question to the Company - Have you broken ground in Angola? Yes or No - if not, why not and when do you expect to start?