Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
What we need is clarification on finance for cuda and the drilling of the Deeps project. This is why the price won't move. If it can be done successfully and the drilling program is set for August as promised then come June/July a lot of people will start taking positions. The share price will then take off in my opinion.
Good work Bridge and much appreciated. I must admit I was getting a little concerned by the delay and thinking that surely it would make sense for the company to plough ahead with laying the new pipe. Hopefully this will happen soon. I hope Nigel is busy getting some decent financing in place. I will be annoyed at a placing at this price when financing shouldn't be too difficult to attain and not onerous either.
Something occurred to me about AM's disclosure on the Discovery before the cuda bid deadline. How about this. Do you think the receivers may have been unhappy with his secrecy as it was price sensitive to the sale especially as he was after it. Maybe as a prerequisite of having his bid accepted he had to disclose any relevant information. This is the only explanation l can think of.
The positive to take from a tweet such as this and from possible Russian sanctions etc is the chance that oil stocks might now become more favourable to own. I believe that the unpopularity of oil has impacted oil shares in recent years. This may now change which could make a massive difference to us.