Member Info for PaulFG

Which is an utterly stupid policy. Have you seen how overweight most of them are? They're just going to sit at home and watch TV.

He never said IML was imminent, that comment referred to DFS.

okay team lets try not to fall down that tunnel of despair and gloom.

I agree the last interview was not great but it could also be that MF had just basically completed the same interview a few times over the previous month or so and he could be suffering from Interview Fatigue, in which case he shouldn't have conducted that one (especially as we're paying for it).

ON the surface SL is making the right noises to attract foreign investment, the GSMB seem to be more active (at least when it comes to planting trees and Buddhist ceremonies) so I can only assume they are doing SOMETHING in the office too.
Fact is for just about every project anywhere in the world this stage always feels longer than it is. That final sign-off prior to breaking ground and no turning back does take time. GSMB would have been waiting on the IHC report before they proceeded - they have to ensure that once they grant approval then the entity is viable economically at least for set period of time in order that SL gains the maximum advantage from employment and taxes, not to mention ESG commitments,
Give 'em time.

sounds like sour grapes from outgoing chair who was sacked.

Which is better: 24hrs late or 3yrs early?

I agree we need iml + offtake, if only because if we only get one everyone will moan about not having t'other

Yah I think he also got 500,000 just for staying in the job 6 months or something. 25% resource increase won't cut though we heed multiples of current resource for anyone to take notice, otherwise this is an operating business generating cash and good dividends, eventually.

The current JORC resource is way too small to sell none of the larger players would be interested, so if that is the case that they need to to expand the current resource significantly which is possible but requires a lot more drilling and getting the results back faster

well they have £1.1m as of that interview so I'd say that's more than adequate for something in excess of 'a couple of months'

Nope. And MF wasn't any clearer on it in the TMS interview, not that he was pushed on it either. Fairly disappointing interview in my opinion. Waste of money paying for it.

https://www.ndtv.com/world-news/crisis-hit-sri-lanka-gives-40-year-tax-relief-chinese-built-colombo-port-city-to-attact-investors-3047411

They seem to be trying to pull out all the stops to attract foreign investment. But they need to sort out the red-tape.

https://twitter.com/RW_UNP/status/1531283412270587908?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1531283412270587908%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.newsfirst.lk%2F2022%2F05%2F30%2Fuk-pm-pledged-support-to-sri-lanka-pm%2F

The two PMs had a telecon yesterday:

"During a discussion with @BorisJohnson today, I briefed him on the situation in Sri Lanka. He pledged to support us especially in the fields of tackling climate change and assisting Sri Lanka in becoming an export oriented open economy."

overall I'm not sure why they did this interview now, I'm not sure it's added anything at all to what we already knew.

Another stonking set of results. As usual.
Perversely, as the war in Ukraine has dragged on much longer than Putin expected and is now likely to last years barring some miracle in Diplomacy, Putin has been forced to recall various Wagner cohorts from places like Libya to inflict damage within Ukraine. It is also likely that he has recalled some operatives also from Mali - which is a kind of positive here.
If a takeover is on the cards then they're doing all the right things to add value to the company and its assets.

hi JF - as you say and as he said not the normal MOU, I guess.
Thinking on what you said and back over the interview he did mention the 'Strategic Partner' phrase, so perhaps yes that would be why it's taking so long. But of course these things always take longer than expected and always longer than any market ever wants.

On the offtake honestly don't know why this isn't further ahead, everything he said they're doing could have all been done already by now, save the data in the DFS.

LW - that's exactly what I thought when I read that article.

Yes I read this this morning: https://www.business-standard.com/article/international/sri-lanka-pm-wickremesinghe-stresses-urgency-for-economic-reform-plan-122052700006_1.html

Seems they are rushing to get all their applications in as there may be many such applications from quite a few countries pretty soon and the the aid ability will run dry.

at least it's a short week next week - that's two days less disappointment, lol

I see the GSMB hve posted a series of 123+ photos today of what looks to be a team building workshop: https://www.facebook.com/GSMBMEDIAUNIT/photos/a.259663761132968/259670394465638

It just goes to show, as I've been saying, that you shouldn't think the headlines and news reports reflect 100% of what's happening in SL. Business continues, life continues. The whole country isn't queuing for fuel with their tuktuk.