Talk of ‘next year’8 Aug 2019 11:08
As a long term holder of 5 years ...I too think something changed of significance. All the talk of running out of money in October was nothing new..it was highlighted months ago and without something significant happening, with our incentivised ‘football agent’ salespeople making one or more deal stick...doomsday loomed (Oct 19). The share price following the 2.5p raise had come along way to between 7 and 8p and I had even offloaded a chunk in the mid sixes and just under seven, not because I don’t believe in the story (and what might happen) with all the implications/shipping co’s/scrubbers Saudi/deals being agreed with the wrong level of potential partner etc etc ..but I thought on balance there was profit to be had and without news what realistically took us higher. (No re-rate coming on a company about to run out of money).
Sure enough I could buy them back cheaper.
Yes this interview talks about (v where the share price was a couple of weeks ago).... but to me highly more significant the way later this year/ next year and beyond are talked about...it’s not “5?!£ we’re doomed”.... it’s a knowing acceptance that one way or another it’s sorted ....and we ain’t about to switch the lights out.
If you were happy holding at 7p and not selling...buy in at 5.5p because this announcement , badly worded as it was (my words not his) was something we had to do...and although no further forward on concrete deals... we will still be alive and able to dangle you all a little longer until we finally make a breakthrough and get something signed.