Buyer beware - no news or comms - AIM Alert23 Mar 2023 10:46
So with Benitz's 16-week "certainty" coming to a close very shortly many are relying on yet another speculative milestone to pass (the other 5 were false prophets). The narrative goes that this is because this deal is really complex and hammering out the finer details has taken longer than the esteemed CEO has expected (is that hubris or naivety?).
So whilst many rely on the "certainly by the end of Q1 2023" wording from the ever-reliable and overly confident Benitz in the 29 November 2022 RNS, what is often overlooked is the forward-looking statement which I share here for those who don't read further than the hype:
This announcement contains certain forward-looking statements that are subject to the usual risk factors and uncertainties associated with the oil and gas business. Whilst the Company believes the expectations reflected herein to be reasonable in light of the information available to it at this time, the actual outcome may be materially different owing to factors beyond the Company's control or otherwise within the Company's control but where, for example, the Company decides on a change of plan or strategy.
Those of you who have been around long enough (but don't care to talk about it) should also be reminded of the infamous Verbier "surprised and disappointed" blinder RNS from the same once uber-confident CEO who had previously intimated untold riches!
Buyer beware - this is AIM - missed deadlines, poor comms - never good.
All IMHO