RE: RE RNS9 Jul 2021 11:41
Morning Oaktree. No doubt it's a mess, but the Swedes still have plenty of appetite for it, with the recent RNS figures showing an increase again in percentage of these held. That said, most of those will not have held for as long as we have, so the path has been an easier ride to stomach perhaps. I don't feel Kurt will have problem raising future monies, precisely because of the potential of Kallak, but the discounts on current sp at the time may increase, due to the painfully slow process for concession here, and that cost will of course be borne by existing shareholders. As ever.
I'm not happy that we still have no fixed date for conclusion of this concession farce, but now the Government is seemingly sorted again, with familiar faces, I believe Kurt should demand a date for a decision to be given. In all fairness, but particularly in the interests of existing long-term shareholders, who have fought this fight all the way, but who should not be relied upon to continue to do so indefinitely. The investment is already completely unmanageable, in terms of when we are likely to see a return, if any, for our efforts. We need, I feel, an actual date for delivery, not merely the words from a Government body that has continually let us down, no date being provided.
All in my view Oaktree.