The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Developments rapidly taking shape for the triangle which links Guercif with Nador and Tetouan.
Infrastructure developments at Tetouan include new roads + airport expansion which can now be seen on google maps.
New highway under construction between Guercif and Nador where a new LNG regasification terminal is being built at this export terminal. I have a tiny suspicion that somebody knows something about newly sourced gas within the region.
From Morocco World News today
"Morocco is taking steps to establish its own energy infrastructure. On March 26, five Moroccan ministries signed the Sustainable Gas Infrastructure Development Program, which envisions the construction of three LNG regasification plants, storage tanks, and pipelines.
The first regasification plant will be built in Nador West Med, west of the Spanish enclave of Melilla, where a second Mediterranean port is already under construction. A newly built pipeline will connect Nador West to the Maghreb-Europe pipeline."
Where's this LNG source, I wonder?
Developments coming in thick and fast for the Tetouan-Guercif-Nador triangle.
In Tetouan district I'm seeing airport expansion, major road by-pass, new hospital, new police station, new undersea cables.
Somebody knows what 7TCF does for the region, and the money is already being forward spent on infrastructure projects.
Https://www.proactiveinvestors.co.uk/register/event_details/440
Everybody get their money, as promised?
Orchestrated drop. Wrong tools forced onto the Co. to satisfy an Agreement deadline. To nobody's surprise the flow test goes tits up. Minimalist penetration leaves little damage. Sp dives and certain folk start filling their boots.
HtTps://www.moroccoworldnews.com/2024/02/360970/spain-pledges-to-contribute-to-morocco-s-euro-45-billion-development-plan
Where's the energy coming from to drive this programme ......... wind power?
Don't say you weren't warned. Tricks a-plenty before the big gas flows. Purely to satisfy the conditions of the Agreement, the testing prog had to be got underway in early Feb. An unnamed third party pops up to offer an "expert" opinion, then underpowered perforating guns were provided. Something inevitable about not being able to blast through layers of heavy mud. Huge sells appear before the breaking news of failure to flow. Plenty of engineering going on, all right. Shares need to be in the right hands. Onwards to using the correct tools for the job.
Read the post properly. The underpowered initial flow test was doomed to fail. They suspected as much. Hence they got it out of the way at minimal time and cost, so satisfying the Guercif Agreement. Sand Jet was always the preferred option.
We knew the DTB would be in full flow before GAS in full flow. Not only bb abuse of key posters.
The initial testing prog was known in advance to be flawed. Undersized guns having to be used, dictated by an unnamed third party, and necessarily timed acc to the Guercif Agreement. Unknown to most investors, that didn't stop the sp marching up to 14p, at which point we see big trades coming through. £76k and £59k worth dumped into the spike.
Failure to successfully flow and the sp duly takes a hammering, holding in the 8s as pi sells get mopped up by more savvy buyers aware of what's going on. High level scam being played out here.
To a large extent it'll be outside the control of Paul and Lonny. So, they go ahead and do the minimum necessary over a shortened period of 10 days. All now set for the properly effective sandjetting tools to do the job. And MOU5 brought forward for good measure.
We knew the tricks were coming, so don't be fooled by the events of the last few days. ITK buyers will be stocking up.
Forced to use the wrong tool for the job. Hardly surprising that it didn't work successfully. Ever tried using the wrong size spanner or wrong type of screwdriver to perform a task at home? Get the right equipment in and get the job done.
In the meantime, lots of bb tools inevitably show up.
Gales and rain over the last few days may have caused a slight delay. I wonder if 1 or 2 holders hopped off the bus in anticipation of a typical sp dip in the circumstances. Bottomed at 11.5p. Buys coming back in now, it seems.