Hi All
I am replying to myself on this one, my comments were not aimed in particular at anybody last week,
and was a bit surprised at the commentary and length, some of them quite interesting including Chokdee's.
I am very aware of all the improvements that GML have made on the project improving extraction safety etc and the increased benefits to the overall project.
I have been investing in this company for a longtime and my portfolio now has been reduced to just a few from what it was. GML being one ofmy keystocks.
My comments are not related to any of those points.
Obviously people have taken them literally as in NRO's comment regarding IRR andcounting ones chickens being a cheap shot at the end of the day till we progress to ML we can't do anything only continue speculating
All my reference and commentary were specifically related too Translations -PH - ML Until we have that there is no shipping etc.
Now one could say that we are getting close the"The End of The Beginning" and"The Beginning of a New Era"for GML
As far as Processing well I am referring to Jorn Nielsen confirmation regarding sourcing in Europe. So from my point I am looking at thebiggerpicture most of the time.
The Geopolitical landscape has changed dramatically over the last 12 months including attitudes towards China and countries have during this year realised and become concerned about supply of many commodities and the reliance on China. We all know these things....
I have previously posted on timelines given how long it took for the EIA to be approved from 2019 and finally get the tick recently. Mythoughtshavenot changed, we have been waiting and talking about translations quite a while therefore it will be into 2021 before any PH.
As far as Shenghe well they are in my mind still very important factor and have played a critical role and flexibility and compromise will be the situation here as China play the long game moving forward with GML.
I don't believe they are tied at the hip and GML will take the best course for what is on the table now.
Keeping in mind that it was Shenhe early this year making presentations in the EU and much has changed since then. GML have made no comments specifically on anything other than what has already been previously put out and is on the table.
Therefore in my thinking what is happening now with Jorn Nielsen will be very important
I think during this time probably a lot of work continuing some form of confirmation on sourcing (Jorn Nielsen) Europe Processing. Then atimelinefor GML with infrastructure once approved..... moving forward.
So still some bridges to cross before we get to"The End of The Beginning"
SP
Today down at .29 seems mostly small volumes either taking profit or topping up the !.5mill sell .34 seems to have gone.
Been steady all week but down about 13% see how today ends.
Cheers to All
(20min delay)