Clarification26 Nov 2018 20:56
Could somebody clarify which part of Dommo's release today specifically rules out MFDevco for TM? I haven't had chance to read it in detail but I'm assuming all the doom mongers jumping on the bandwagon have analysed it in detail in order to reach the reasoned conclusions posted today?
As mentioned last night, if it isn't TM then it doesn't necessarily mean Brazil is off. Indeed the company really would be living on the edge by tweeting specifically to say Brazil is still in play on the same day some believe MFdevco have been ruled out of the bid for TM (though I haven't seen definitive evidence of that as yet). In addition, would Minty really run the risk of such a positive meeting with LT, including a call from Brazil no less, if today's Dommo news really had any definitive impact on the Nuog Brazil play? Their largest investor may well be a PI, but he happens to be a PI with sufficient funds to hire a very good lawyer, should the need arise.
Everybody has to reach their own conclusions although my own feeling is that the share has been played today by one or a handful of deceitful gobsh*tes who knew the Dommo announcement was coming and saw an opportunity to cast aspersions. I may of course be wrong, but that is my take on the chain of events.
Regardless of the truth behind what occurred today, we do still need the company to close at least one deal of course. It's worth noting though that the latest timescales have yet again been set by PIs, therefore we don't know for certain whether their own deadlines have slipped or not. I appreciate many will hark back to the 'short order' claims but the reality is that we don't know the latest timelines as the company knows better than to communicate them this time around. Unfortunately that leaves many frustrated, including myself, not to mention the opportunists who have potentially orchestrated today's events. I am not shameless enough to advise on what others should do, although I would urge genuine investors to be very careful about what is written on these boards....I should also take note of my own advice!