Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
So the Mgmt will only stomp up a measly £18k yet seem convinced the Itumbula West-A Well will reveal a positive result….thats conviction for you, and once this cash is gone on drilling they’ll tap SH’s again, marvellous.
You need to understand the terms of those licences ! ( thankfully I don’t have a dog in this fight as cost of funding/ ROI was always under estimated )
Alternatively Simon could be filling out Post-It Notes to stick around his Amstrad screen, Nans Bday, ski hol dates, kids names etc. and working on the basis if you’re got something special, customers come to you. Smart guy.
We all know there’s an elephant in the room here which may well result in some dilution but those of us who feel that’s fairly well counter balanced by the science, won’t be that concerned. Personal circumstances will all be different, but if you can afford a time horizon still several years out, you’re probably like myself still accumulating. Trying to understand the Market is for Traders !
Wasn’t it not long ago that many investors were clambering for better communication on progress, from the Company. Seems a case of “be careful what you wish for “. As said before AS needs to ditch IMC / Vox, and act like a FTSE 100 Company…..keep everyone in the dark for as long as possible !
AS needs to give up directing his comments to the Retail base. No wonder he sounds flat, wouldn’t you constantly repeating yourself trying to educate a large number of punters who’ve little knowledge of the science and likely have no interest anyway. The less we now hear the better.
Company and Shareholder timelines are often quite different. Most Shareholders just want the highest and fastest return on their money as possible and then leave. For a Company longevity comes into play. Don’t expect AS to play the short game, he’s first and foremost a scientist and that gets him out of bed , sitting around with a wad of cash probably would bore his silly . Just need to accept this will play out for a long time yet as he’ll be going nowhere.
“Any market sensitive news must be delivered to the market first” correct but it also has to be released as soon as is practically possible, not sat on for a week or so. Expect we’ll find the data
Illuminating / largely anticipated, put suspect the Market may not react as some expect.
Thks, that thro up some interesting detail. Guess the latest question is why now appoint a new CFO, who will have sought security of tenure, given it transpires Salman Malik had a natural route elsewhere in the event of a merger with another. Whilst at the time, I didn’t particularly buy our Stockholm delisting was purely down to cost & time savings I’m beginning to think it was just good housekeeping. Anyway let’s hope our new CFO puts to work his experience , as a previous energy equity analyst at Deutsche Bank, into getting our SP back to where it should be !