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The purpose of the Project Nour feasibility study currently in progress is to establish its economic viability. That will take into account the hours of sunshine and average wind speed; the life-cycle cost of the generating plant and its efficiency; the cost of available finance and revenue from projected sales. The project has barely begun and is years from generating income. That is why the market ascribes no value to it.
It sounds to me as though we will get big news imminently / shortly / presently / in a tick / before long / soon / in a matter of days / weeks / months / before Christmas / before the next conference / before my next haircut. Circle your favourite option. Remember to use a wipeable pen so as not to damage your screen.
If we are 'close to conclusion,' I would have expected us to be negotiating exclusively with one party, which would be news-worthy. When negotiations are complete, I expect drafting and checking the contracts for a deal worth many millions of dollars will take a little time. It would help manage expectations if AP explained what stage of the negotiations was 'close to conclusion' and how far (days, weeks, months) we are from actual conclusion. I feel like we are being strung along.
With Speedferret apparently binned, it would be nice to hear from some of the old crowd: CEO Bob, Tarles, Supremedalek, Cheshire bagger, Evo Kev, though some may be dead and some reincarnated as MRFQ320 and the like. Glad to have shared the pain of the dark ages with Goon and growl but now feel ready to enjoy sunny uplands.
There. That should be enough to curse the SP today.
With multiple offers whittled down to the ‘imminent’ few, I wonder at punters still casting doubt on this bb. If they are so worried now, what was it like for them back in the sub-4p days when we were years away from material progress?
I don’t think it’s healthy to watch the SP hour by hour in anticipation of it rising. Research the company, decide if the risk-reward sits comfortably and either invest or walk away.
If you have invested, what’s the point dragging your company down on this bb? If you haven’t invested, what’s the point making any comments at all on this bb? Will being able to say ‘I told you so’ to a bunch of strangers fill you with joy? It makes me doubt numerous posters’ motives and mental health.
Good luck to all LTHs, STHs and, indeed newbies. Enjoy the autumn.
Ian, this bb has hosted a wide range of fantasists, charlatans and simple liars over the years. They self-identify usually pretty quickly and I find that filtering them is the best way of preserving sanity. It’s pointless arguing with them. Often they argue in packs and drown out reason. Some appear paid to sow discord and you might imagine some typing from a secure institution and arguing with themselves via alter ego avatars. They usually emerge when interesting price action is in the pipeline. Watch this space.
Https://christopher-leach-photography.blogspot.com/2009/11/quiver-of-excitement-as-three-buses.html