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It is suggested that Mr Palmer knew exactly what was required for the work but was hampered by the CEO insisting on inferior rigs being used to maintain the "low-cost" mantra. This was a very false economy as can be seen by the need to finally raise discounted funding to get the correct equipment - a delay which has/is significantly impacted shareholder value imo It has to be hoped that any future deals are based significantly on the input from Mr Palmer and not the whims of others. . . DYOR .

VCB2 https://seenews.com/news/black-toro-capital-to-acquire-499-of-bulgaria-based-ebioss-603677 Once everything is confirmed EQT should show a positive re-rate to beyond prior highs imo. . . GL .

VCB2 A slight correction to your statement: Black Toro are acquiring 49% of Ebioss for 20 million and subsequently lending them 2 million @ 5% interest. It is anticipated that this 2 million will filter through to EQT enabling settlement of the outstanding loanand thereby placing them in a solid financial position to close the pending deals. Corrections welcome. . . GL .

Who do you believe sold the licence to AVX?-that was a rather fine salesperson imo. I suggest that Mr Kongats knows exectly the worth of a product licence and will hold out for the best possible terms for shareholders. . . GL .

Eqtec own Eqtec Iberia (reverse takeover December 2017) of which Ebioss holds just over 50% of the enlarged company. Ebioss paid up to 5p per share and Black Toro are in the process of acquiring 49% of Ebioss for 20 million. . . GL .

Andre01 The house analogy is interesting but it hasn't been built yet, and therein lies the problem. I prefer to think of NCCL as the landowner who over time has spent considerable time and expense getting that plot of land ready for full development, including consents and planning permissions. Along come two developers with deep pockets (GE/CMEC) who are able to maximise development on the land over time. It is therefore suggested that they don't need the landowner as part of their development strategy as it is far more cost effective just to buy that land outright at a premium and hold it as a subsidiary (tax benefits). There are also better terms available on a 100% asset over partial ownership. Land with all relevant permissions always sells for multiples of the same plot of land without them, which is why one could be looking at an offer of over USD 400 million. Either way, it is going to be an interesting few weeks/months until clarification is given. . . GL .

CF73 thank you for the reply. Having read my message to you again and following a recalculation, would an offer for 100% of NCCL in the range of USD 400 million to USD 600 million from GE/CMEC appear reasonable? I still firmly believe that as long as NCCL hold a position in the venture it is an added complication to both increasing production at Ncondezi and progressing quickly towards 1800MW capacity - which would be easier and faster, for example, GE contributing USD 30 million, CMEC USD 30 million, leaving NCCL to find USD 40 million, or GE and CMEC each contributing USD 50 million, on a USD 100 million expansion of mining? Is there any logical, business, or economic reason not to make NCCL a 100% owned subsidiary of the GE/CMEC partnership going forward? . . GL .

Your thoughts, please. If GE/CMEC do buy-out NCCL and retain it as a 100% subsidiary, what would they have? Approximately USD 75,000,000 losses to offset against future profits; total control of the coal; ownership of all reserves. Would it seem reasonable for each of them to chip in between USD 250 million and USD 300 million to progress the project to 1800MW? . . TIA .

mike29 If there was a willingness to sell a "minimum" of 60% wouldn't the price already be in the negotiations for that? A simple multiplier could be used for 100%, with the directors staying on board to manage the coal production side - all their experience is a valuable asset imo. Having 100% would substantially de-risk the project for GE/CMEC, it is suggested. . . DYOR . GL .

CMEC will have examined power supply/generation every which way for the Morupule tender for over 18 months. Wouldn't owning Ncondezi improve their margins/profit from the outset? . . GL .

CF73, absolutely. It wouldn't surprise me after that news for GE/CMEC to buy-out Ncondezi to further develop electricity provision jointly across Southern Africa. Was that the original objective when approaching NCCL: total ownership of the process from production to supply? . . GL .

As Botswana cancelled tender to sell Morupule B to CMEC, does this increase cash available to increase percentage holding from a minimum of 60% here? . . DYOR . GL .

Perhaps marketing are now working on a "Sticker Set - Free Album to first 100 Applicants"? Would prefer contract updates. . . GL .

4.85p is still a good increase in price from the 0.93p in October 2017. . .

"Inbound remittances from the Myanmar diaspora is reported to be around USD 8 billion annually according to the World Bank" . . GL .

Is marketing having a laugh at investors' expense? A leading-edge technology company in secure supply-chain management offering a "wallpaper competition"!!! What is even worse is that it was authorised at senior level. Suggestions as to why this logic-defying tweet was posted appreciated. . .

Times, they are a changing https://www.mmtimes.com/news/casinos-may-be-allowed-operate-after-gambling-law-amendment.html . .

There's very little he can do if not allowed to purchase fit-for-purpose equipment until all other cheaper alternatives are exhausted - knowing what is required for the job and being able to get it are not the same if others are only interested in a cut-price service. I'm sure he didn't have this problem when expanding other companies, including in Indonesia. Hopefully the "low-cost" mantra is being replaced by "cost-effective", which would have had the correct equipment on site long before now imo Given the contents of your emails to Mr Cattaneo, perhaps you might consider being a "crude whisperer" to get the oil out faster? . . GL .

Mr Palmer is an experienced and knowledgeable field operator, and if the reason for this delay in contracting the correct equipment for the workovers is due to cost constraints placed on him previously, then surely the directors should provide a loan for the first payment on the Indonesian project at minimal interest? It's all well and good being cautious with expenditure, but not to the detriment of increased production imo. . .

Beginning to look like speeding ticket o'clock coming up. . .