Taken from TRP Open Offer Circular24 Jul 2017 14:47
"The Group has a number of options going forward, some of which include:
* moving forward with a similar back-cost/royalty transaction to the one
the Group was plannin to do in May;
* agreeing a more conventional farm-out transaction; and
* adjusting the work program in consultation with SNH, and financing the adjusted
work program ourselves."
To be honest, all I'm hearing is hot air from the company, similar to last September. - Why haven't they tied up the loose ends of the Jv in the past 10 months? Negotiate harder, you get paid enough! If this is a serious venture, then relist & prove it. Keeping the suspension makes PI's nervous IMO, so they need to grow some, pull their sox up & put their money where their mouth's are instead off all this buncome in the rns to get themselves off the hook...IMO.
IMO there is money locked in this co potentially (assets & tax losses/Vat potential overpayments) but the board have been shambolic. - GET IT SORTED!
They haven't sold anything, they've simply adjusted their percentage holding due to the subscription shares that were issued by the directors for short term funds. This increased the overall shares in issue & therefore diluted everyone slightly.
makes no sense, what a crazily ridiculous spread. Doesn't exactly encourage buyers or sellers doe it?!..
Bit like having a secondhand shop but refusing to buy or sell... Very odd...