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Has he jumped or been pushed, hardly a ringing endorsement from Marco, only a few lines. Once you have lost the confidence of the majority of shareholders its time to go. That and the sheer abuse he must have been receiving would have been enough for most folk.
And how we waited an utter age for seismics to be completed, (if we are lucky) we will have waited at least twelve months from TE-10 until TE-11? Not that we have any idea what the future plans are. Sidi? exploration? the 9%? first gas?
While your at it Sound, some of the utter libellous tripe a few are pedaling needs taking to task. Make a few examples, it will make others think twice once they know the company are willing to take legal action.
I don't think, in my mind anyway, that the deal wont go through. It's a done deal whether we like it or not, unless the mystery partner decides to back out. No harm in going to the main man for some answers though. How forthcoming he will be on certain aspects, before mid Feb is anyone's guess. You can only but try.
Levelup….Having re-read the rns, malcys valuation, no debt (after the deal) the fact that we have the funds to take a significant amount of gas into production and still have some exploration potential, I may follow suit if we go under 3p. I will sit on it as I don't see anything happening for a while, so need to make a decision. I'm probably mad but each to their own.
I know it will probably go down like a lead balloon given the slump but we had number of non-binding offers. I find it hard to believe those offers were not higher than what we are currently trading at. The chairman and major investors all what a return on their investments. Even if the offers where 14p, half of the independent value surely they would have taken that if they thought it was the only choice. They know a lot more than us at this stage and must see worth in signing off the deal they are working on. I can only presume the slump is due to the disappointment of no LE, a whole bunch of unknowns currently surrounding the deal being worked on, the amount of time it will take to see a revenue and the question marks around further exploration. Not much choice as I'm not selling at this level but I will wait to see exactly what is being planned.