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What does it matter if it's today or in 30 days' time...they have the £400k bridging loan

As Charlie Munger said its not about buying or selling, the big money is in the waiting.....

It's going to take many weeks for the money to arrive in Syn's account id imagine. they'll have to raise, issue and Selan process an invoice and surely there's going to be payment terms 30 days(?)

You beat me to it I was just going to say £23k..it's the first purchase by a director in over a year so it surely bodes well but that said its the CFO's first purchase ever. back to wait mode.

Nor me Steven but it's a massive step forward even though the market doesn't think so. We've waited 5 months for GOI approval something that was for all purposes out of SYN's control..now we're in a different place and the ball is in our/Selan's court and presumably now progress can be made at haste.

No, nothing misread GOI approval seemingly already baked into the SP. our next steps are receive the $2.5m then presumably award of the work programme drilling contracts...I suppose it's possible in the 18 months for the WP to be completed that something might drop in terms of UK CCS....I think we're going to see a relative flurry of RNS's out of SYN in the next few months and hopefully a steady increase in SP going forward.

Golly gosh amighty who'd have thunked it? Still we have something else to talk about

Hi Jaglith, what are Canmax going to do with Prem? you don't get it do you? Rolls-Royce need around 20 tonnes of nickel alloys to make a Trent XWB but they're not going to buy a Nickel mine anymore than Ronald Mcdonald us going to buy a potato farm to make fries.

Yes Kaltersee..the torturous waiting on GOI approval is over, let's hope news starts to flow fast and fluid I.e. one RNS every couple of weeks

We've had bigger moves on no news so it strikes me it was priced in

Me too Gordon, I was hoping to offload to keep a substantial balance as a free ride but best laid plans of mice and men

I have to admit I was expecting high teens on approval but it was for all practical purposes baked-in. So the steps are a) payment b) confirmation of the work schedule c) start drilling?

Wow golly I was beginning to think it would never arrive, I came this close to selling half my stack on Friday. it bloody was in doubt lol

Hope that's not a premonition SW..

Well we just don't know the workings of Indian bureaucracy and seemingly neither do Synergia. If this was UK how long would approval take ?

Hi JPP8788, sorry where have you heard this please?

Right, so you don't have it on good authority Wolf that it's signed

Oh, I see Wolfman..you're trying to say 'someone' has told you it's signed...right

That's a good point Tucky...we don't know what the contract strategy is..I suppose like you say RNS on GOI approval is only half the story..who knows what's going on..would shouting GOI approval from the rooftops be a good idea if the contract with Selan wasn't signed and sealed? They might try to screw last minute concessions from Roland

Hi Wolfman, sorry I don't understand your post can you please rephrase?