RE: Pertinent30 Jun 2022 12:46
"Looks like Angus will hit the market at the perfect time. How fortuitous"
The perfect time would have been back in Q4 last year, one of the many, many missed deadlines put forward by the board for first gas in the last 3 years, or so.
Since then, we have had Jan, Feb, Q1, April, May, Some time in June, end of June, beginning of July, and now 7th to 12th July, and I do not think that is even an exaggeration. I may have missed a few too.
It has been around 9 months now that we have been seeing regular posts saying 'not long now, another week or month won't matter'
Instead of announcing a delay every few months, we are getting a delay every week or two, even when we are only a week or two away from first gas.
They MUST deliver now.
No more excuses.
No more delays
The market has zero confidence in the bod. The SP is where it is 100% due to the lack of trust in the bod and their ability to deliver and be honest with the market and their shareholders.
They have torpedoed the SP with their own actions multiple times in the last couple of years, pretty much since the Shell off-take agreement was announced. Although that was when covid hit the world, every single time the SP has gained any traction since then, they have said/done something to stop it in it's tracks.
And that is just in the timeframe of GL and the new regime.
Still not expecting much more than 2p to 2.5p on first gas, and my conservative target compared to others looks optimistic based on the seeming lack of sentiment, and interest here so close to production, as evidenced in the SP and current volumes.
Looking for change, and ready to be pleasantly surprised
gla