While i think a new venture to happen simultaneously makes sense from a risk diversity perspective, too much time has been invested to just give up on the Karoo project, and it's very close to coming through to fruition. The other energy coys are in the same boat as us, and falcon indicated that they expect licenses to be awarded by end of this calendar year. Personally, I think if the new minister wants a handout, if thats the way business needs to be done so be it, lets do it to get it across the line, otherwise we have to keep to doing cap raisings and time just keeps getting delayed.
CEL Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
