Which12 Mar 2018 06:56
will arrive first?
The funding news or the 30th round news and what effects will it have on SP?
I believe that the funding news is imminent and that will be announced before 30th round news.
What will be interesting to see is where the funds transpire from. I still believe it will be Repsol. They are operating at a loss in the area and we would be using their facilities so its a win win for them, they get 33% of the licence for $200M and charge us for their facilities. I personally think this is a very smart move to offer a larger % of a licence rather than a smaller % of the company long term.
News could arrive any time now. I know end of Q1 was quoted but looking at interviews with the BOD it appears to me that we have guys are are motivated and want to get on with this ASAP. Many CEO's sit back and cream their salaries on AIM but with these guys having such a huge amount of the companies shares will want to make this successful as I am sure retirement will be at the back of their minds in the next 10 years, even at their tender age.
This is the 3rd time these guys have done this, the previous 2 successful and i suspect this will be the 3rd and final time.
Any time you are feeling a little low watch an I3e interview, the Directors breathe for this company, and hungry people succeed.
Don't need to ramp / de-ramp this share, just let the next 2 RNSs do the talking