Member Info for yayay

Yes, wents, you do need to have a sense of humour here. I have had, ever since they asked "What's on that piece of paper, Mr Chamberlain?" "It's the news that we'll be shovel-ready in 1939".

I've given up trying to understand what is happening in China. In the space of a few days in any given week we will get conflicting stories saying "Demand strong", "Demand weak", "Demand strong", "Demand weak"...

Yes, I am surprised and disappointed too, cj. I fully expected the off-loading by speculative traders. And I never subscribe to the "'ere we go! Off to the moon! Fasten your safety belts!" uber-enthusiasm that breaks out as soon as an RNS lands. But with the potential unlocked by the permission I did think that we could at least hug 0.25.

I'd actually rather get the CEO recruitment done first, cj. Not only would there be someone in post to drive the negotiations with AA, or any other prospective partner(s) forward, but we also fundamentally require someone to drive things forward from there. OK, non-execs are capable of conducting negotiations, but they are not going to have the time or capacity to oversee the building of roads and all the myriad of other practical tasks.

C@B, this is something I have said a few times in the past. Back in the Dark Ages, a long, long time before computer modelling of everything, they used to teach on management courses the art of Critical Path Analysis. I have no idea if this concept is still talked of, but basically it means carrying on different aspects of a project contemporaneously, not sequentially.

I agree, norm. A pull back, as you describe it, was not unexpected. What I am hoping we will not see, as I said to cj yesterday, is the all-too-familiar UFO pattern of a spike being followed by 5 or 10 or more consecutive days of red.

Things do not go in a straight line, everyone. Always remember that when America entered the war in December 1941 Churchill knew that now we could not lose. However long it took, victory was assured. But two months later Singapore fell to the Japanese.

I don't know about you, cj (because I know we think along similar lines in general), but I feel a bit of a crunch coming tomorrow.

Several wise heads said, as a result of Friday's fireworks, that it was the traders from 0.11 clearing off with their gains and that we have now reached a new 'launch pad' of 0.20, in readiness for the next news.

But I think it will be a demoralising body blow for many of we LTHS if they are wrong, and what we see is the all-too-familiar post-good news UFO phenomenon of a red Monday, followed by a red Tuesday, followed by a red Wednesday...

If that proves to be the case, I think we might even get into the state of resigned depression to start thinking - even if only privately - will the response to JVs be any different? Or is this how it's always going to be?

Your point is a valid one. But the person in question is not our CEO. We don't have a CEO. It's not normal for a company to lack a CEO, but then there is rarely anything normal about UFO.

I think anyone who expected a re-rating on a piece of news like today's will inevitably be caught up in the immediate euphoria. It will need a lot more than this. The analogy that could be used is VE Day, when people poured out, partying in the streets and waving their red, white and blue. But it wasn't until 1957 that Harold Macmillan was able to tell us all that we've "never had it so good". So in 12 years time UFO might well be a different proposition than it is now.

Well, that all surprised me not.

I think we are going to need a few months more patience and some spectacularly beneficial news on JVs to see this get to the 0.33 level.

So yes, patience, more patience.

Yes, I was one of those, MyIPA. I'm going out now for a few hours, so it'll be interesting to see what's happened when I get back. Not one of those for checking on my phone every few minutes.

So, what you are saying then, nap, is that if it takes until September to conclude negotiations about JVs it would be perfectly acceptable to suppress news about licences granted in April until then?

"Postman has to deliver the signed hard copy".

Hope it's not the British Royal Mail, then. You've all seen the stories in the tabloids... "Just received a birthday card posted in 1936" :):)

Sorry, nap, I don't buy the argument that they can't issue an RNS about licences while they're negotiating JVs.

By extension of that argument you could say that they only need to issue a bumper RNS every 31st December, bundling up all the news from the previous 12 months.

"They wont be able to comment until teh rns has been issued"

I think, nap, that that is the whole point of cj's email.

If DMIRS have already posted this, is it in the public domain or is it not in the public domain?

It's a cycle we have to break though, wents. because we need more, and bigger, LTHs. And they are not going to be attracted to a traders' plaything, however real the news is.

Yes, norm, hopefully you will be right. Maybe a better heading to this thread all along would have been "More licenses to be acquired?". With an emphasis on the question mark. I think most of us are now old enough and ugly enough not to throw the kitchen sink at what is just a rumour, but there might yet be others who are younger and less ugly.

My point being, though, Lile, that these were supposedly not theories, but facts. Which, if true, cannot, surely, just be kept unannounced for the convenience of traders.

I'd just like to revert, if I may, to the title of this now long-running thread.

If "more licenses acquired" was "public knowledge" last Friday, why is it still not official knowledge? Or doesn't this matter?