RE: Thought of the day.19 Jan 2025 09:59
Let's face it, in relation to the PEL 94 farm out agreement the RNS was pretty vague - which is why Cybertron could be right, or ccc, or neither. It was left pretty vague with no timeline nor any definitive reason for the delay. Whatever anyone says in here is conjecture unless you have inside info because detail is deliberately (though not necessarily unreasonably) absent. Something fairly material appears to have changed late in the negotiation but we don't in truth know whether it is in a positive way or a negative one. Undoubtedly the potential must still be there but being encouraged by the farm-out geological teams expertise and insight whilst acknowledging the licenses merits does not mean it is problem-free. Proper, concrete news is what will move the SP because in reality the deal which was days away at new year has had no updates. I'm not switching colours here by the way, I'm still invested on a free ticket but it is proper news that will dictate whether this is a short term money maker or a rather longer play. Personally I'm pleased that Omar is less prolific on X but there does need to be communication via the email channels that GBP set up. I'll wait on a proper RNS with more detail on the farm-out before leaning any particular way on the oil side of things.