Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Doc . Looks like that way. He did a similar disappearing act in his former life as Fair Analyst.
Yet another waster year and now we look to Spring 2024 for renewed optimism that we may finally get this over the line.
My negative side however fears that we will have another year of excuses and obstacles to overcome.
Hamm in a perfect and logical world that would be the case. But let's face it the prospect of a good news story prior to the conference lays somewhere between 0.1 and 0.5%
Expect more of the same from MB the stooge for the MG.
They have been supportive throughout the process blah blah blah ..........
Badprophet has only been realisitic in what we are up against . Many would have been wise to listen up. Rather than hang on the every world of the likes of Hamm and the clown that is Fair Analysis whoops sorry I meant not so Wise Owl
Completely agree Master. Due diligence was certainly not applied pre drill. I cannot see we have had one positive RNS since oil discovery back in early 2019.
This was an extract from RNS Aug 2019 which shows we are no nearer solving the land permit issue as back then. Mispromises from MB time after time
"Further to the Company's announcement on 5 August 2019 that the rig at Heron-1 had been put on standby pending the resolution of a dispute on land use, the Company can now report that the central and provincial governments are resolving their issues and have given verbal approval for the Company to resume operations on Heron-1 whilst the necessary paperwork is completed."
So all this ramping that the land will be sorted "soon" is wishful thinking . How soon is Now?
I ask the question because after this timeframe, production this year would be unlikely. We then face distinct prospect of another cash Raise .
In this event SP likely to drop therefore recommending newbies to jump on board becomes highly irresponsible.