RE: Double Whammy14 Jul 2020 22:49
You are right 3card. He has just taken the decision not to commence with the programme, even though the drilling contract RNS was only as recent as 27 May. Amazing what difference six weeks has made in terms of a strategy change. We know that Kallak is pretty remotely sited, so I'm not sure specifically why there is a problem. Restrictions on movement? It isn't densely populated near Kal, but maybe the drilling team just isn't keen on entering Northern Sweden at this time. For its own absolutely safety. Maybe the EU PACIFIC project is shelved, and we are a partner in it. Don't know, but the postponement RNS today, although a little bit too general for my liking, has left us in no doubt about the situation. We aren't going to start the drilling operation in Autumn.
Not sure what we can look forward to now, but it seems that work can still be undertaken in Kosovo. On the projects we all feel are minor, when compared to Kal.
We've been unlucky with timing, timescales and politics.
Not sure what to make of this investment any more, in all honesty. We can't gain any sp momentum, because we are unable to work on site now on our flagship project, or at least Kurt has decided that we can't, with Covid, and we can't yet gain approval for the concession, with still no sign of a date for that decision, so it's a good old thwarting for shareholders, with one thing and another.
Over many years. Lol.
I want Baylo to be held accountable for being evasive too, but I doubt Kurt can do so.
Bit of a tricky situation for us. How many here will be chuffed though, with the next fundraise at low levels, to fund only our projects at Kosovo and possibly Finland?
Time for a cuppa methinks.
Good luck if you are in JLP. I won't mention Bozzer on here. Lol.