RE: Feedback on what is needed to finalize the tariff due any day16 Feb 2021 14:11
"You`ve been going on about news due for ages and nothing has materialized, even when it does, the share price cannot hold a gain."
I apologize if my posting caused you to expect news sooner. I truly believed we would have had something back by now and I only ever post positives if I am holding, buying and believing there is value, which I do. To be fair to NCCL they did say towards the end of Jan to middle of Feb as a guideline for a formal tariff feedback and they can't control EDM.
https://t.co/wyzCDgRCbK?amp=1
But I agree, I have been singing the praises for a long time here and the SP is not reflecting where NCCL are going or their current achievements. We got better than expected historical costs returned at $21m with a possible additional $6m on finalization and the market didn't really move higher. We are told that they would get extra monies for the developers premium & equity acquisition premium and the market didn't really move higher. There was major investors increasing their position size and talk of possibility of selling either a stake in the business or all of it, at what one would imagine would be the multiples of cap and the price didn't move higher. Even the company themselves said they were frustrated with the price.
I guess I am glass half full whereas G_G_G is glass half empty so we balance each other out. But it is frustrating and exhausting as a shareholder waiting for info to be drip feed especially when dealing with areas of the world where time scales can slide a bit and this is a long term project, the tariff is 25 years but all parties want to get it moving as fast as possible.
We also had the placing stock being flipped and not nearly enough PR or investor relations but the market is supposed to price in current and future value and given the company's current position, a 18.5 million market cap feels like it is not valuing very much in at all . I remain hopeful that as we are continuing to progress that eventually the price should catch up but if you are responsible for your trades and you should decide whether to hold or sell.
I will leave the PR to the company and G_G_G for a bit.