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The MOU is not a contract and there will be further negotiations before a contract is signed and the name revealed. Reading between the lines, and AP acknowledged this, it may well be Total - no surprise if it is. Their identity is price sensitive so will be under wraps until contracts signed.
Re presentation: I’m sure we’ve all sat through turgid PowerPoints where the presenter(s) just read the screen and ignore the audience. This give me the impression they aren’t interested and don’t know their subject. Yesterday was the complete opposite. AP, JMW and DW were outstanding speakers, clearly enthused and highly knowledgeable. They spoke about matters well beyond what the slide was telling us. The whole thing was cohesive and compelling. It’s a shame it wasn’t filmed.
Speculiar, yes, all the work is done on Rissana, just waiting in the final bureaucracy to complete. Re Brazil, the licence is up for renegotiation early next year. CHAR may retain an interest. Re Namibia, that may heat up as two majors are drilling early next year close to our licence area.
I went last night. Very impressed by the board members, they have the bit between their teeth and the determination and enthusiasm shown by all was very reassuring. A couple of highlights: Rissana is done, banking bureaucracy holding up the announcement; Algeria may cease supplying gas to Morocco in December. This puts the heat under the Anchois timeline; the hydrogen acreage is potentially the most exciting development and work is ongoing to build a consortium; Brazil & Namibia still have potential but they are not the focus.
Is it too much to expect an update from ODX ? I would have thought it to be in their interest to provide a trading update on the day this list is published.
If this is ‘old news’, looks like the market hasn’t interpreted it as bad for ODX. Plenty of analysts will have poured over this before or when any posters here did. We’re still in the mix and the next few days will reveal all.
The naysayers are not concerned with accuracy unless they get a chance to challenge another poster on their contribution. Let's not lose sight of the essence of Cebo's post. Things are moving, on track and will land. A measure of balance and good sense clearly is not welcomed by some. Time will tell all - eventually.
Goods in usually means some process is going on inside the building. So not sitting around drinking tea and playing cards then, unless it was from McVities and Tetley. Something is happening and I think it will make us all pleased we stuck around.
Guess what …… I and many others still own the same number of shares or more than we did at the beginning of this week, this month, this year. This is a journey and I ain’t getting off until I get where I want to be. It’s taking a bit longer than I thought but direction and destination remain unchanged. Let the price do what it wants. Im sticking with it.
Happy Clapper here.
This delay was not expected and it has adversely affected the sp. Those looking to turn a quick buck may well agree that its a serious issue. I am in no rush so it will only become a serious issue to me if the discussions ultimately fail. The comment from the company on the 15th shows that matters are still very much alive and that a successful outcome is expected.
Lets keep Happy Clapping !!!
ZzTop1:- Your post goes to the heart of the matter that seems to consume most of the posters on this bb and their response to a persistent naysayer. I hope readers very carefully consider the distinction you make between 'being unable to ....' and 'being in the process of ....' Clearly the naysayer wants people to conclude that matters are tailing off towards an unsuccessful conclusion. As you point out, the latest from ODX on 15th September says 'we are optimistic that these will conclude successfully and positively impact on our H2 performance.' The difference in emphasis is clear. The naysayer is attempting to unjustifiably undermine confidence and sentiment in this company. They should be ashamed !
How much more evidence do people need than the fact that the contract was awarded 7 months ago - and nothing has been rescinded ? The tweets may be irritating but they indicate the commitment the company has to keep sentiment positive, whether or not it actually works. There is only so much they can say while things are in progress, but at least they're saying it. Silence would probably be more sinister so I'm reassured that progress is being made and holders will be rewarded. Of course, you can spin it negatively if you wish ...........
I hope some of the CK critics who post on here have registered to attend the AGM to raise their concerns ask their questions of the CEO, rather than hanging them out on this bb. If not, then why not ? Perhaps they're not holders or perhaps their agenda is 'shorter' or 'trader'. Nothing wrong with either but it would be useful to have their agendas revealed. I expect many will remain silent and wait for ODX to emerge as a major player in the UK and world diagnostics industry. I know I will.
Surely His Lordship wouldn't hang himself out to dry again - would he ? This looks like it may be culmination of the 'talks' CK mentioned and the support Bozza and his gang have finally decided to put behind the UK diagnostics industry. It takes the heat off CK at the AGM, even if orders are not announced before Wednesday - but I hope and expect they will be.
Spot on jackdog. Strange how some think this won’t alter sentiment. Jam tomorrow it may be - but a big rich dollop of it followed by one of the very best jam producing facilities.
Many of us envy what you've missed JamieHill. We will never get the time back we spent reading repetitive claptrap from various factions, all trying to do each other down. Perhaps you're the harbinger of good times - hope so.
‘Evans’ not ‘Evan’ - I know we have some pedants on here !!!
Benny - David Evan is the ex chairman of ODX. I think he left the company at the end of 2018 but retains a substantial shareholding.