RE: Progress being made with Cambay8 Oct 2019 19:11
Well yes...it is true... we are expecting an RNS before next Tuesday... because that is the deadline for the repayment of one of the loans. The next deadline is end of Oct because that is the end of the exclusivity period for Irish Sea. We are yet to find out if we have a partner for that or not. If not then where will they get the money to buy the 50% with? The recent raise will not be enough to repay the loan and buy the whole 50% and other expense... what then? I don’t know?
Of course news can come earlier in both of these cases. We may even hear before the 90 day deadline about Cambay.... that will make it even more exciting!
...so yes we are all aware that there is lots of news in the coming weeks. I can’t wait. But I am trying to keep an open mind what the alternatives could be... hopefully it’s all good news! :()
But to know exactly when an RNS is happening is either a miracle, precognition or a case of insider information. The latter of which is illegal. :o
I am sure there is a lot of opportunity to trade this over the next few weeks, months...
I am not ashamed to admit that I am useless at trading... esp since I am not sitting in front of the screen all the time... therefore I so prefer invest in value. So far this is looking good. I will hold out for the long term gains.
So good luck all! May the force be with you!