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Falky, you are doing again exactly the same thing and why people have turned against you on other boards, we now know your opinion, there is no need to restate it. Why not just take your own advice and sell, you really do let yourself down with some of your posts.
Well by my reckoning they now have funds through to 2025, but for me the significant thing is the Newlands buying in to the tune of 600k and ADB not moving, anybody can read what they want into this, I have made my judgement.
I have a lot of sympathy with your view Anth, a part of me feels the same, to me though there is one positive with the cash raise, that is the fact that they have secured the backing of another significant private investor to the tune of about 600k, these people dont tend to throw money away for no reason, it gives me some cause for hope, although we are now in the endgame, if it doesnt happen in 2023 I dont think it will. This remains the ultimate all or nothing play.
I am not certain but I think the FIG has done a review this year into the whole economic strategy for the islands, obviously including oil and gas, that may be part of the reason why only 1 year extensions were given last year.
Nothing has changed for me, whichever way you look at it this is a much better bet than it was even a year ago....and our new 7% investor hasnt sold......I was happy to hold then and I am happy to hold now. ATB to all long term holders.
It will be interesting to see where this now goes, what surprises me is not the challenge...which must have been 100% expected ...but the timescale of up to two years, surely the board should have anticipated this.
Ahh altruism.....I feel the need to impart my wisdom to those I feel need it....even though they have not asked for it....lol. well I can reassure you that the vast majority on here have been here many many years, know the risks and are perfectly capable of making decisions and analysing the information for themselves.