Partnership Deal Coming, page-34

Sovereign risk?

There is a lot of political posturing happening in Prague at the moment ahead of next months elections. Anything you have read which has lead to that question should be seen in that context.

It's obvious that the Czech Government want this to happen. Why therefore would they be difficult. They won't want any delays and know the DFS needs to be completed on schedule. It looks to me that they will have no alternative but to make sure the finance is there to make that happen for the entire industry in the Czech Republic. They won't want to be left behind.

Xulu on LSE stated that Keith replied last month that "the Czech government had run a few different scenarios past him, and that the development of Cinovec was seen as very important to them and other regional players."

EMH are in the driving seat. Czech has big dreams to capitalise on the energy revolution. It all starts at Cinovec.