Patience22 Nov 2021 13:21
"The stock market is a device for transferring money from the impatient to the patient"
Patience is key here. It may take few days, or a few weeks more, But, once they get formal letter that the famr out deal has been approved, this will fly with many that sold today without cheap tickets.
I agree delays are not good and ideal, but, the letter of approval is a mere formality.
"The company said it believes the conditions for the approval have been met and it now awaits a formal letter from the authorities to confirm."
“While the company waits for a formal decret, Beluga continues to work on its financing process, and the company continues to work with the intended rig provider and service companies on the schedule and terms for the NJOM-3 well,” Tower said in a statement.
On Proactive investors.