Member Info for TopBeancounter

It seems that a number of members are frustrated with the delays experienced in getting the PRC investment approval. Having lived in China for 36 years and helped take many many companies public from 1990s onwards, I can advise that things don't simply happen overnight. A strict sequence is followed and each department "stays in its own lane". Importantly, relationships are very important so talk about WH going will definitely see everything end in tears. What's important to know is that we have a plan B. Without that we are a hostage to fortune and risk everything ending in tears. The AGM should be used as an opportunity to explore what state of preparedness we have.

A 10% float could be useful, again use the AGM to nail down what it's intended to be used for . It's not uncommon for listed companies to have such a proviso refreshed annually.

Many institutional investors are controlled as to how they invest their AUM. One such control is the market cap of the entity they invest in. Quite often this can be several hundreds of millions, or even a billion, dollars. So much as they might feel tempted to but what looks like a great situation they simply cannot until the market has responded. When they do come in they can only maintain their investment provided the market cap remains within the authorised amount. This means that if the price remains volatile they may still hold off investing until comfortable that the price is going to support continuous investment.

I have said before...all Chinese partners will delay and delay and delay hoping to renegotiate at the last minute for excessive gains. It's all a question of who brinks first and has other options.

We need to show we have options....or lose the battle and war in October.

Aimshame, the Chinese partner will take every last second it has to under contract and then at one minute to midnight will find some spurious reason to ask for an extension - usually "regulatory issues" is the preferred excuse. If it is perceived we have no plan B the usual pattern is "wash, rinse, repeat" in the hope we will offer more to get the deal done. Sorry but 36 years of living in China and very close involvement in the financial markets has taught us twas ever so.

Sorry I'm allowed one dumb question a day. Is this term ISA different from the ISAs people open? I'm wondering what it is and if the clue isn't in the name how it might be improving the share price please and thank you.

As I have said before our Chinese partner will be hard to work with and will be looking for extensions and variations well after the agreed upon contractual deadlines. It will be easier to nail jelly to the wall or herd cats as excuse after excuse comes out from their side. Their strength is that they know we don't have the resources to fight them in court and that no other party will want to come in on a project that could be wrapped up in litigation. There is an opportunity to make money but not on the scale I read into the various posts. Manage expectations accordingly....

Just moderate your expectations. Having lived - still living - worked professionally and watched Chinese companies in action for 35 years, remember the EG deal is NOT the silver bullet many may think it is.

There will be significant brinkmanship games played and I will bet a dollar to a donut it will end we with what everyone considers to be an adult under the money Chinese buy out of EOGs interest which the EOG board will endorse.

Sorry, but that's the way it goes in juniors dealing with the mainland.