The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
The last 2 years have been a total loss with this government. With no real accountability they do what they want when they want and how they want. There is no pressure from the opposition that is effective and they are not embarrassed by their inefficiency and ineptitude. It's a recipe for a lack of real progress.
So much for drafts of the psa's being sent out. That guy in Tanzania who claimed that the other week was just blowing smoke. You cannot trust anything other than official news from this country and that's rare.
Me too I will wait to get my money back and sell up. This government and their various agencies have just delayed and delayed. Their is no accountability on their part and yet they want companies to invest in their country. In the o and g sector they need to get a move on as the world and investors will move on to other countries.
There is nothing happening on this company in the short term. That is why the share price has dropped yet again. This government is just kicking the can down the road once more with a rumour that they have reviewed the psa. If they were finished with the review on the psa's and were granting them to companies the share price would respond accordingly. Even if it were only drafts of the agreements there would be price action.
I think a lot of shareholders have realised that this saga will run and run. There seems no end in sight and the boys from Wentworth resources were right when they said the extra capacity needed would be taken up by them. I would not trust the guy tweeting from within Tanzania as unless he works in the government he has no more idea than us.
Listen the shareholders have been taken for a ride by this inept government who say one thing publicly and do another privately. They are not helping to push this project on in any way.They keep putting up barriers to delay things. The world moves kn and they will find that investment will go elsewhere.
This gas find was hailed as being transformational for the country and it is being treated by this government as some low level find that does not merit much attention. After some 2 years it still has not got off the ground which shows where this government priorities are. The politicians are only interested in keeping the status quo and not push things forward.
Who cares how many I hold I just want something to happen not this continual radio silence from this incompetent and inept government. The business community moves on and this bunch will find they may not many people to do business with because of their constant delays. The TPDC are no help either as they have a different agenda probably because they want control of the area for themselves.