Prem RNS's for Dummies11 Dec 2019 17:59
So lets read the RNS as to how it should be read and then people won’t be surprised:
Work is 70% complete - so 70% June to Dec, roughly a month per 10% so end March earliest plus 100 days takes us to mid year. GR has said early 2020 and we now have six years to learn what GR means when he gives out dates which means even my mid 2020 is probably optimistic.
Funding should be expected …. pointless words from the same people who were going to give us US $6M, this shouldn’t have been RNS’d on that basis as is totally unreliable.
EPO - we’ve gone from just needing el presidente sign off to outstanding requirements are procedural including signature. Take note of the word requirements - it’s not just a signature, you could have a whole raft of procedural matters, for example at Kefi about a year ago was a security review which then needed reviewed again as out of date.
Further discussion with those parties, we have had 6 years of discussions over various things with various parties. Likewise its means SFA, nobody is in the wings waiting to write a cheque.
Progressing steps to strengthen the Board - mmm didn’t we just strengthen the Board with gold plated expertise. So expert and full of integrity there is a Primary Bid offer. Afraid those appointments were just pure BS to get through the last AGM share increase and MNH deal. It’s mates patting each other on the back, no more no less. Real Directors would not have entertained the BS of the last few weeks including last weeks interview knowing fine well the Primary Bod was coming.
Circum - ho ho hum, come back Xmas 2020 and we’ll try again as per Xmas 2018 and 2019
That’s how you read a Prem RNS so please go ahead average down, take advantage of the new super dooper improved price or don’t touch it with a barge pole. Pays your money takes your pick but I’m sticking in the not even with a barge pole camp.
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