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To be fair although Donkey and all his aliases do talk garbage, he/she does occasionally make Valid and constructive points. IT’s latest post on ADVFN talks about not under estimating Sekaname. I agree with this. I can’t see Sekaname being bought to the table by the Bots govt if they didn’t have anything of substance to offer. Wot do we rly knw about their licences, reserves etc?? Secondly IT talks about Tlou only wanting 10MW. TG has talked about this staged approach starting with 10MW and for me this is a very sensible approach. However there is a lack of clarity around what Tlou want; is it rly 10 or the full 100. This needs to be made clear to investors after the 9th August meeting, including more detail on what the tender document comprises of....this was very muck lacking previously. Who knows, but if Sekaname are so far behind the game like many posters here claim they are, they may not even be in the race after next weeks meeting. Wishful thinking perhaps, but it would surely shut IT up for a while!
Rly good progrsss here. We were all concerned about the intentions of the Govt, but they have bn put to bed by the Re-tender. Next weeks meeting with the Procurement Board is now rly important....i feel it is essential that details of this are RNS’d and investors are kept abreast of the goings on....this was very much lacking last time. Remember that this was as high as 17p and settling @ c14-15p before the tender was pulled. Reserves hv bn upgraded by 900% since then and a comprehensive works program detailed. If all the stars align then this should be in th 20p region BEFORE the tender result is announced. The board appear to have learnt from previous failings and are beginning to build more momentum through their announcements.
Great news today and GG was right on the money with his 2-4 week timeframe. The govt want this to happen that is for sure now....this will be back to all time highs by Xmas without a doubt. Patience may begin to reward. GL all
Whizzer/BTS....think we all are worried about our investments here and there is only so much of “it takes time in Africa” that investors will put up with. Previous posts which showed the govt advertising jobs for the RFP and the meeting with the Minister are positive signs, but until a PPA and/or RFP is announced we will all continue to doubt our investments. I for one one would like more information from the board as to why a PPA has not been signed yet, as that is in their control. What are the stumbling blocks?? The reserves programme should lift the SP and I am confident that we will at least get bak to my break even point of c9p....if and when it does I will then have to assess where things are as to if I take my investment out or stay in for the long term which I had always aimed to
Good to see the company improve their comms. Althgh it is nothing new rly from GG’s interview it is refreshing to see the company appears to be listening to investors! Now get a PPA signed, tender RFP going and then this will be back on peoples radars and SP back to where it should be!
They need to get something signed. Bottom line. Also GG’s timescales need to come good as otherwise adds to his and the boards incompetency (again). GG has done nothing of note and rly needs to step up.
Thanks for the response. The board have basically made a balls up here and with the lack of news from the govt they need to keep things moving....only way they can do that is by being smart with their communications, and they haven’t done that at all. From share of the year to c60% down on year highs....ppl have lost a lot money here including myself so we should hold the board to account. They need to do more for investors and they need to do it fast. Trouble is their man on the inside GG hasn’t delivered and his latest statement was that we should hear from the govt within 2-4 weeks. That was 2 weeks ago....history tells me that this timeline will come and go without any news, but as always I hope I am wrong. FFS those of u who hv access to the board highlight the concerns so that we can make progress and hopefully by year end have the share price back to the 14-15p region
Just PI’s selling over the last couple of days. Just don’t get it especially @ those prices. I will reiterate; THE BOARD NEED TO DO MORE PR. why hasn’t their bn a UK investor event for starters?? If the board are not careful then they could lose all sentiment and when good news does hit (like the last reserves upgrade) PI’s will come in and then flee quicker than u can blink, leaving the SP where it started. Find it crazy when posters here say they doing a fair job with their comms and that PR could actually hv a negative effect. Tidd - what’s ur view on how the company publicises what it does and how it goes about attracting new investors??
Good to see Colm giving an update. These articles mean very little as until the govt notify anyone on their intentions, we can only speculate as to what’s going on. GG said within 2-4 weeks we should expect something from the govt.....that was 2 weeks ago. So we should be expecting news imminently. As Bythesea said thgh 2-4 weeks in Bots timing usually means 3-6 months....I for one hope not but if this drags on past the summer holiday period this slow burn will get even slower. If TG is the man everyone says he is, then he can turn this right around, and it is him I still believe in. One more f up thgh and then I’m afraid the sensible thing to do is to get out. GL all
Brad this will come good but will be a slow burn. GG and the board need to step up their lobbying to the govt and get this thing moving. Unfortunately a lot of us hv bn burnt here but if you are in a position to hold for 2/3 more years then this will be a £300 million+ valuation easy. For now it is hurting but should be back to double digits by the autumn
JustScott thanks for that. Apologies all things are on track!! Loads of sellers thgh today....let’s hope we seen the end of them now. We are 2 weeks into GGs 2-4 week timeframe for the govt to get back to them so expecting news imminently
Reading through today’s RNS and what strikes me is that the rig they have got in will not be the same one that will drill the production pods. If that’s the case then how long will that one take to source and bring over?? And they think they Gna still in q3?! This is looking suspiciously like more BS. The firm need to come out and explain the goings on here....as usual nothing clear cut from the firm
Big buy today. Think this should start moving soon enough...good bit of news from the Bots govt and this could get bak to double digits. If tlou had some decent PR we could be bak there sooner, but don’t think they knw what PR is.
GG needs to step up and deliver. He was bought in to seemingly deal with the govt cz of his experience but thus far has not delivered. Granted it is a tough gig but the bottom line is he must now lobby to get things going. He said within 2-4 weeks the tender should be out and us investors should hold him to that. I like the rest of us hope that happens....but am disappointed that he has not put his hand in his pocket and got involved in the raise.
So the board have their money so now they have to begin delivering on their work programme. We are one week into GG’s 2-4 week time estimate of the govt getting back in regards to the RFP. Credibility and sentiment is low at the moment and that will only return if things start to move now. This RFP needs to come by the end of this month as otherwise investors will be even more cheesed off and will begin to run. I keep saying it but the comms team needs to step up big time
Brad due to the way the SP has dipped this past 6 months coupled with all the BS that has come from the board in regards to timings, one must take GG’s comments with a pinch of salt. This will happen but when is the million dollar question. I don’t rly care tbh....here for the long term so not too worried althgh very annoyed how this has unfolded thus far. What I do knw is when this goes above my entry price (which I am sure it will) I will be de- risking my investment cz I am in for a decent chunk. Let’s hope the 2nd half of this year goes better than the first....I am certain it will. GL all