Long time coming JoJo Todays announcement: Commencement of sales is dependent upon the Production Right and will lag the latter by approximately 9 months.
Announcement back in April 2010 when gas sales agreement was signed:
Gas sales are expected to commence by March 2011.
JoJo another project not to hold your breath over!!
Don't forget that BEE will get approx 20% of its income!!
I know most of this is out of their hands with regulations in those countries but they are better off not saying stuff like sales expected to begin etc etc!!! Just makes holders uneasy once the deadline gets pushed out more and all projects are the same in this respect......just delay after delay and they still spend heaps of our cash in the interim!!! One reason they bought Wolfie as they can see that the delays are going to be ongoing and there may be easier projects elsewhere i would say.
MPO Price at posting:
95.0¢ Sentiment: Hold Disclosure: Held
