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Problem is not temporary set back on WN the problem is no positive feed back on WN. Is it commercially viable and how much of it. Even some success will give shareholders , investors etc a boost and something to look forward to when the planning decision is reversed.
Why does everyone keep blaming Russia? The reason gas is not flowing from Nord 2 is because German regulators have not certified the transportation of gas. This will not be done until march. Russia could increase supply via Ukraine but why would they when all Europe do is impose sanctions. Russia has complied with all its commitments.
What is the big deal with the Ukraine. Germany begged Russia to build a pipe line that did not have to go through the Ukraine who used to charge the Russians £3 billion a year for the privilege. Why does the Russian Companies owe anything to the Ukraine to be forced to pay them when they have built an alternative pipeline? Nothing has changed in regard to gas security still comes from Russia.
The reason I believe the share price has 80% reflected in its price is that when it went to fundraisers it would have had to price in the possibility of failure in its pricing .A substantial loss would effectively close off any future placings its one thing existing shareholders being diluted it is quite different losing new investors money in a placing. They will not be as forgiving.
I think the failure of West Newton has been priced in at least 80% as there does not seem to have been a good enough reason to raise money unless there was a strong possibility of failure. If WN does succeed I think the share can have a significant rise in my opinion.