Always can rely on Motors for a positive comment on GEV .... considering he has all his eggs in his other dog of an energy company (CE1), it is not surprising he comes here with his misinformation and attempts to distort the truth. The question was asked about Twinza , yet he goes on with his usual lies and BS.
With a cash burn of 250k per quarter .... it is very clear to see that they can keep going for well over a year, so that puts to bed the whole "cash constrained " lie .
The Twinza relationship was always going to be reliant on Twinza completing negotiations for a Petroleum Development Licence (PDL) with the PNG government on the PASCA A gas region. The following article suggests that this is very near .
https://covid19.info.gov.pg/index.p...-negotiate-gas-agreement-for-pasca-a-project/
Regal owning around 18 million shares is going to be an issue. GEV management needs to get into their offices and make them an offer to take all their shares off their hands so they stop selling on market (and do it NOW while it will only cost 900K) . Then bring out news of a deal with one of the Big boys in Brazil and have the share price do a major re-rate !
This will be one of those stocks where we look back one day when it is the $ range, and wish we had a stronger conviction in what we knew was inevitable.
