RE: Change of process12 Feb 2018 19:32
Not good news today, and late announcement to boot!! but after calming down dear I see this as a complete overreaction by the mm's. Though as with any aim stock, bad news and the word delay mentioned means big falls, no evidence required or thought required just slam bam thank you Mr PI I will have those on the cheap, "say's Mr MM"
It's taken months for the sp to slowly rise in accordance with the expectations and positive news flow, then one slightly negative RNS and whoosh. The pitfalls of aim . 888. casino market, and for all of us that invest here, me included, we shouldn't be surprised or shocked.
Extract from the RNS
Ministry of Mineral Resources Green Technology and Energy Security (MMGE) request for cancellation of the tender for Development of a maximum of 100MW Coal Bed Methane Fuelled Power Plants in Botswana and re-tender by shortlisting the same two bidders who had bid for the tender being Tlou Energy Limited and Sekaname (Pty) Ltd.'
Mmm, quite what that means is anyones guess? administrative error in original submissions? pricing? Delay?
The only reason you would expect the two original bidders to re-submit is either something has changed or someone has made a horlicks during the original tender process? If not then other tenders would also be invited, if there were any?
Storm in a teacup for me, as someone said earlier back into double digits tomorrow and await the news on Wednesday. I can't see TLOU either losing out on the bid or walking away for that matter at this stage, but we will see.
Strong buy in single digits for me so may grab some more in the morning.
Mr T