I think if you made this story up of the last 6 months events, people would say you're mad! I can't see how the minister cannot look resolve matters in some form before next Thursday. Whatever peoples views are on his actions, he must be an educated man, conscious of his ability to generate good news for the benefit of his country via inward foreign investment.
In reply to a query from me about the Slovenia energy event next week, CH mentioned that he would be clear about his thoughts on the current business environment in the country and that he won't be encouraging anyone to rush to invest in the country until our present issues are resolved.
If I can quote from CH this morning, "The review seems to have been concluded and we would expect to have a meeting with the Minister or the new interim Director of ARSO very shortly." And in addition, "I understand they have reviewed the process and the application but I don't know the level of detail."
Regurgitating is not tremendously helpful in the context of where we are now. The present internal review is complete from CH's understanding, so this is where we are now, that is the most important thing now. We cannot change what has occurred previously, so lets focus on the way forward from here....
I understand from CH that it is his belief that the internal review into the process and application is complete. I’m not sure if anyone else has mentioned this so I apologise if so. On this basis his expectation is to meet/hear from ARSO and/or JL “very shortly”.
Obone I can answer your second question: it’s the ability to raise capital via placing, not a placing in itself. And if there is no ability for the directors to raise capital if necessary, then the market will hammer the sp even more than the effect of any potential dilution in the future. In addition, and of equal importance, with the ability to raise capital we are not having discussions with a gun to our heads and can negotiate on equal terms. All imho