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Beaky the RFP is not arriving in 2-4 weeks. What could happen in this timeframe is that the govt could issue the tender documents. 2 very different things. Agree that when the RFP does land this will fly
Yes GG as bullish as usual. This will happen but when is the question. If we do hear from the govt in the 2-4 week then come end of 2018, with a sizeable reserve upgrade, the SP will be back to all time highs. However this time last year we were thinking the same thing and look what happened. I’d be surprised if the board make the same mistakes again and can see this firm @ around £250-£300 million MCap within 4 years. Probably more if Gilby replicates what he did in Oz.....but it all depends on how fast the Bots govt decide (or not) to move
I would think that an Owner Engineer would be involved in the technical stuff when the project starts rather than the tender process itself. He/she would ensure the terms of the tender are adhered to and not what goes into the document. Just my opinion but could be wrong. Anyway let’s hope GG knows just the man for the job!
Great find JustScott. All the noises point to the govt being onside and now it should just be a matter of time before the RNS drops. I’m here for the long run so will feel more relaxed when the govt confirms that CBM is part time of the energy mix
Well if a long haul returns multiples of the current SP and then I’m not too worried as I’m in no rush with my investment(s). Maybe ur situation is different BTS. All I knw is that the board need to get things going in the 2nd half of this year; a successful RFP would see us past previous highs and I would hope by the year end we may be somewhere near that price. They need to sort their comms and PR out ASAP....it’s s a joke and not what any investor would and should expect.
BTS if u are so feel so negatively about the direction of travel here why are u buying more shares? Uv alrdy bn rumbled by the Mrs and appear now to be gambling further to make ur (paper) money back. I too am very disappointed at how things have unfolded here and agree the RNS and gilby interview is very much the same old same old. However for me this all hangs on the RFP and I will wait for information from the govt and then decide whether to stay in or sell up. Potential is massive and that is why I am still here
Everything else aside when will the company come out and tell us abt what the hell is going on. Tlou need to sack their comms people and get someone to front up. With every day that goes by without news from the govt us investors hv to be scared that (a) the RFP won’t happen, or (b) Tlou will not want to get involved because the terms of the tender may not be acceptable. This is a joke and I can’t believe investors are sitting here and not calling the board out to front up and speak with some very disgruntled shareholders. We own part of this firm and so should be entitled to answers.
Any chance the BoDs can come out and speak with investors abt what the hell is going on here. They have let us down badly and a lot of ppl have lost money. Surely they should be held accountable and accordingly respond to the growing concerns of shareholders. GG needs to provide a concise update on his work/interactions with the Bots govt and TG needs to explain the goings on with the raise. We are now at 5.75p and looking likely to fall further so not expecting many to take up the “discount” on offer here. Tidd I knw u think I’m bashin the company but come on mate u must be able to see why investors are annoyed. Have u any insights here??
GL Tom in accumulating. As stated previously I’m alrdy invested and make money either way if and when things improve so don’t need to be too greedy. I am not as confident as once were but that is understandable considering the way the last 4/5 months has seen the SP nose dIve, but I will continue to hold
Can’t see many partaking in this considering the share price is nearly @ that level anyway.y question is when the hell will news abt the retender come from the govt. painfully slow is an understatement. Also not seen Tidd on the board for a while; has he finally sold up and moved on??
The placing price isn’t particularly enticing so I cannot imagine uptake to be high. I for one will not be taking up the offering. However I agree with Minor that the SP will move way ahead of current levels. For me it all rests on the RFP and what the govt intentions are with CBM. They are taking an age to inform On their policy here; until they announce their intentions no one can be sure of what way it could go. Yes it could be on the same terms as before but as I hv stated before I would not be at all surprised if it is then cancelled full stop. If it does I lose a packet and will move away from this share. If the govt is supportive of the industry I will remain for the long term cz this has the potential to be huge
http://www.xinhuanet.com/english/2018-06/08/c_137238251.htm Positive words on the future of the industry by the Minister. A ray of sunshine in an otherwise horrible week. Can’t be long before the RFP now. This is the key to unlocking everything....and this will make today’s share price look very very silly. Govt support is what’s missing....this with the reserve upgrade that will come will see the SP move way above previous highs. Need a lot of patience but it is only a matter of time....
Well the beuracracy of the govt has got a lot to do with it; they cancelled the tender and over 4 months later have still not provided any information on what’s going on. If tlou had got some part of that tender surely they would have been able to raise capital off the back of it.
Good post Olda. I for one am passing for the exact reason u state....if it comes good I make money anyway and if it doesn’t I’m not throwing anymore away. Would like more detail from the company about the timelines and how the money will be used; and whether any further raises will be required (views on tht welcome plz)