Just because it's static with maybe a wee drop back (doing well I think given 0.3 placing) doesn't mean there is a delay. News only xpected on Monday and as I said earlier I don't xpect any action until tomorrow and Friday in anticipation for Monday.
another challenge to get to 0.4 Strong feeling that tomorrow and Friday will be rather exciting in light of RNS deadline Monday. Reading through the last RNS, it seems a 'given', just took them longer with the 'legal waffle'. I have loaded up more than what I planned but with what is at stake, it's an 'investment' not a 'day trade'. GL all and let's see what today brings, whatever happens, remember, there is still tomorrow and Friday.
@ro012sm Important to do research before investing To answer your query - An application for an exploration area surrounding the Monchetundra project deposits, referred to as FLANKS Application was optimised based on data supplied by the Russian cadastre of mines and the company's in-house proprietary data set and submitted in Sept 2019. By May 2020, the application had been approved by all federal bodies including FSB and MOD and awaits a sign off by SevZapNedra.
"The time taken to enter into the definitive documents has taken longer than both parties thought at the outset. With the commercial terms settled in the agreement in principal, the legal language over a number of agreements has taken time to conclude. We are close to completion on these, but with both parties working amicably we just ran out of time. We continue to look forward to the future working relationship with Essar to unlock the potential of OPL 226."
I think and this is my view, that the above couldn't spell it out any more clearer that the job effectively done. COMMERCIAL TERMS SETTLED IN PRICIPAL LEGAL LANGUAGE TAKEN TIME AND THEY ARE CLOSE TO COMPLETION ON THESE
Sorry, but what's not to like. Chance to buy more at these levels or definitely hold.