AWD aleator energy limited

first impressions

  1. 19,195 Posts.
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    Well if first impressions are anything to go by, Wal Muir is simply a top bloke.

    I have just hung up the phone to him where he freely gave up half an hour of his valuable time to talk candidly about where we are at.

    A comprehensive update will be released to the market later this week or early next.

    Dot points and in no order were:

    * They've spent 9 million on this project so far and they sure as hell aren't going to walk away.

    * Elections on May 25th (date ?) should give a much clearer picture of where we go moving forward.

    * New York investor was there last week and feeling happy about the project.

    * All potential investors are seeking assurance that whoever is in power won't 'steal' the project.

    * Ukraine has successfully worked with Western companies for over 20 years with a basically clean record on this matter.

    * Under the worst case scenario of the Russians taking over, Wal still thinks the project is a 50/50 chance of going ahead. Much higher odds under the other 2 politically more likely scenarios.

    * All of this probably won't be wrapped up until 2H 2014.

    * Wal and Mark are working their arses off.

    * Wal (and others) have not been paid for 18 months.


    Don't think I missed anything and everything I have written is as closely as I can remember to our conversation. I'm pretty sure I didn't misunderstand anything.

    Hang in there everyone.
 
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