After nearly two years of broken promises and dodgy rns 'invitations'31 Jul 2024 22:56
Fryer really has become more than a little shady.
Only trouble is pretty much all the retailers and the 'boutique club' that everyone thought they were getting into means they they're tied to the fortunes or otherwise until a resolution.
While they all purport to be 'fully behind' the company most of them must be pooping themselves as further delays are added onto further delays.
Without any proof, i fear that, like the Kastro plant that didn't 'acquire', the offtake agreement will now fail and the excuse will be that it's not now economical... though might be touted as 'money in the ground, just waiting'.
i can'teven see how even the cln holders can benefit, even with a discount, unless there's a spike to the sp. And that's literally the only hope i have. Guess they could always short the sp while the clns are converted and i still doubt that Fryer has an enforeable 'i can choose the conversion price' unless they're bloody fools! Must be a backdoor to profit for them!
It's obvious that there's real concern that things might not work as promised as noone is averaging down at what would be a stunningly cheap price if a rise was guaranteed.
while praying that it comes good (not just for me!) i have worries, there'll be new distractions: something is taken away while then punting a different 'profitable' option... i fancy another processing plant for DD.
if ANYTHING of the promises comes good then the TG will carry him down all 28km in a king's chair and ask him to run for DRC president. personally, i can only hope the ridiculous herd rises mean it gets to 15p and i can get out and not look back. if it climbs the 160p target, then i'll be ahppy for them.
my fear is he's been taking lessons in Mission Impossible face masks and fake beards and is never seen again... that or there's a 'canoe death' while looking at 'new acquisitions' in Costa Rica coming.