GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
Doubt it, these are regular events attended by ReNeuron which haven't had any significant impact to date. For ReNeuron, positive share price movement requires news of positive trial progress, a partnership with a paying partner, or a buyout. Nothing else sustains the market's interest. AIM rules dictate that material information must be announced to the market first, i.e. we should be the first to know.
Why is it unlikely that any one party would get 100% of the RFP? The two parties - the only two parties - are in competition for christ sake. And it's for a pilot project, not the entire future of the country's power supply.
100 MW is a nominal figure. The country needs more power, and if TLOU's tender and subsequent supply is successful I doubt very much that they would get to 100 MW and then be told 'no more!'.
Equally, if TLOU were successful, that would not preclude any of their competitors from generating power.
...is how much gas each party has, and who can get it out of the ground at the lowest cost. If TLOU's technicals are better, it suggests TLOU's cost of extraction is lower. The Financial Proposal will come down to royalties and margins.
IF the PILOT project tender doesn't go Tlou's way, I'm sure the competitor would be interested in buying Tlou's advanced assets.
I doubt very much that Tlou would be forever excluded from entering the market though so I'm not sure that's a situation worth worrying about.
To reiterate my earlier point, market cap. now £16 mil. - who the hell would pay £5 mil. + substantial stage and royalty payments to JV one product when they could take all products instead. Time to earn your money Olav - it's a VERY considerable % of our market cap. and newsflow on your watch is weak.
Looks like our guys have organised sandwiches in the office and called in somebody with a link to Botswana...for the 52nd (?!) anniversary of independence...not saying that's what it is, but that's what it looks like!
Exclusivity announced 11/07/2018, so they were in for just over 2 months. I wonder if the US company also had to announce start and end of exclusivity? From the original RNS: 'A further $2.5 million is payable to ReNeuron subject to the completion of certain due diligence activities during the exclusivity period.' Considering the timeframe, I'd expect some of these activities to have been completed and therefore further payments due. Presumably today's announcement will affect the confidence of any other parties that were considering getting involved.