Real world7 Nov 2023 07:47
Absolutely appalling treatment of shareholders. It basically means you have to take, with a pinch of salt, anything Paul says. Remember the last placement was to raise money to test. Since then the share value have been stagnant and will fall today. It will of course hit the roof once good news happens. Unfortunately that is not today.
On a positive, everything is maybe, looking good for CNG, gas sales. But the use of the word "POTENTIAL" does not mean soon?
"One final element in relation to our business development strategy for Morocco is the execution of a potential Memorandum of Understanding for gas sales. Our preference is for commercial reasons to have this in place before testing commences and we are working to finalise this as soon as possible."
Paul is looking at the overall picture and as hard as it is to accept this total disregard of shareholders, we are now entering the start of the end game.
Remember the reward has not changed.
Ps, the main content of the RNS looked interesting and will need to re-read and discuss once we get over our annoyance at how we have been treated.