The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Yanis, from the mouth of Saint John and Saint David “ Negotiations started with the new government in May 2017 to confirm details, followed by expedited ratification “
Over four years waiting is not expedited ratification.
This government has since shown that they can ratify like lightening when it’s something they want to do.
Yanis, if you’re saying the only way to get ratification in Ghana is to give a back hander then what are they doing there and why have they been stringing shareholders along for all these years.
I suppose you’ll be telling us next that the two oil companies they have just invested millions into must have given them a back hander.
He doesn’t answer because he has too much to hide, Ghana has shown us their preferred direction of travel and it doesn’t include Clon why should it. We’re supposed to believe Ghana wanted to push ratification through parliament quickly years ago, now they have shown just how quickly they can move when it’s something they want to get through. I don’t think any of this is irrelevant it’s what you call being realistic.
Yanis, I was referring to the new strategy from the government of Ghana where they now appear to prefer investing directly into oil companies that are up and running as opposed to giving out new contracts on terms that are more beneficial to the contractor rather than the government.
The speed at which they passed this through parliament I think shows their future thinking and strategy.
The government of Ghana have purchased through GNPC a 37% interest in Tano/cape three points operated by Aker energy and a 70% stake in south deep water Tano operated by Petroleum Ghana ltd. They appear to have got the request for the capital to make these purchases passed through parliament rather quickly, so they can move quickly when they want to.
Three emails sent to David asking for his thoughts on this have all gone unanswered.
All I am saying is people can make up their own mind on this by emailing the company and asking the question is David in Bolivia , what is the defensive panic all about, I thought you would be happy to have this confirmed by Clon.
What’s the betting any buys today will be sold off by the end of the week, nothing more than a pump and dump share, there’s no value in this company that’s why it’s been pump and dump for the past thirteen years. Eventually all liars get found out, but until then it will be lots more carrot and stick and lots more promises of jam tomorrow.
The last Pet purchase was made on the 26 August, the BOD don’t reply to Any pertinent questions asked about the company and the impression given is that they just don’t give a toss. Surely the time is long overdue to replace these incompetents with business people who can take this company forward.
Your good feelings would have some credibility if they were backed up by some hard facts otherwise you just come over as another desperate ramper. This company gives out no information whatsoever which makes it impossible for people to make a judgment on what is or is not happening.