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AP has blamed his inability to discuss the diamonds because of political sensitivities in Country. That could just be excuses to hide lack of progress, but if true then I’ve wondered what’s so politically sensitive about it and, if it were so sensitive, why did the Zim gov not maintain their court challenges rather than roll over and allow a default judgment.
Just throwing it out there, but for me any negotiations/agreements allowing us to go back in Country, perhaps in some way linked to the parcel negotiations, would be much more sensitive.
Likely rubbish - musings really.
Candle, you say “ My thinking is the JV will include conditions around minimum cash levels held by SYN.” That’s plausible I think.
But one observation I have is that headroom levels, at least in my experience, are normally a standing agenda item at an AGM. SYN didn’t do that at the Nov AGM, so they may just be rectifying that now.
And I think it equally plausible that the Farminee simply needs comfort that we can raise capital (by demonstrating that we have headroom) rather than requiring us to raise and hold it now.
Agree DVH, and weirdly I think the “delay” may well owe to Roland fighting our corner in the last knockings of negotiations, when in my experience hardball is played over the finer details. Both parties really want this deal I think, but both will equally want to show their respective stakeholders that they’ve got the best deal they can.
Gordon, I ‘d normally agree except here they issued the GM notice and then a little while later amended it to include a resolution asking for more headroom. If I were a CEO asking for that I’d feel more comfortable doing so if a major milestone I’d said by RNS was expected by end Jan, then early Feb, and then tweeted about, had actually completed.
Things haven’t really changed for me - it’s a pure risk reward play and at these low levels the potential rewards significantly outweigh the risk as long as you only invest what you’re fully prepared to wave goodbye to.
No comfort to those with much higher averages I know.
Link for those interested
https://www.youtube.com/watch?v=FmCEsowGRfE
Wrong link! Try this one if interested
https://nextinvestors.com/articles/a-globally-significant-helium-discovery-bigger-than-anyone-expected/
This makes for an uplifting read.
Yes, it’s from a declared investor in Noble and is full of normal and appropriate caveats, but it sets out the bull case nicely.
https://nextinvestors.com/quick-takes/noble-helium-finishes-seismic-does-deal-with-helium-one/
Just for anyone interested
https://www.bbc.co.uk/news/business-67541581
We’re expecting our results next week.
Noble put an announcement out on 18/1 saying they expect their lab results “within the next 2 weeks”.
Given we’re in the same basin it seems to me that the results for one could well be of interest to the other, and here it appears results from both could coincide.
I am a geological novice, but I found this abstract (from a paper co authored by people involved with both us and Noble) interesting, particularly given the high levels of hydrogen we found in the top of the basin, and the free gas Noble found.
https://www.nature.com/articles/s41586-022-05659-0
If I reading it right it says that in