RE: Nice steady stream of blue trades13 Jun 2024 08:23
Remember though, when the payment is made is also mean Selan is responsible for $20m of development, so that should mean SYN expenditure reduces considerably. So the £1.1m left after the £800k is paid back should last SYN quite a while, hopefully way past selling gas from the first well.
RE: GOI approval can drop any time12 Jun 2024 11:20
Great, brilliant, fantastic to see no dilution before GoI JV approval, I'm still hopeful that Roland will be in India before the end of June (2024 before anyone asks).
I'm guessing SYN have informer the lender(s) of timescales that they can expect to get their monies repaid.
If the Selan merger with Antelopus is expected in the next 10-12 months, then I'm sure as I can be the GoI approval will come first.
Once people in India know when this is going to be signed and/or when Roland confirms the dates he's going to India, I think this will begin to move in the 24-48 hours before the JV approval is signed.
Until then I hoping people don't lose interest, sell up and move on. Sp is hanging in the balance, we end up at 0.09p again if no news is forthcoming for weeks on end.