RE:RE:Last NRteetznazz wrote:
MJB4231 wrote: I'm wondering after rereading last NR if we are resolved of losing PSC to SGE and we simply asked Migas to get clarity of Jimmy's decision and too see if he wants to cut us loose in partnership and why we are actively looking into another PSC as stated. So many scenarios here. I for one sure hope we get Selat by default of SGE breech of commitments plus get an additional PSC with a new partnership. Sure hope this decision does not drag into Christmas and new year
I really cant see any partnership where this Jimmy is involved advancing properly with SNV. Divorce court is where this is headed one way or the other.
anyone that followed this story is not surprised by this. Usually when your partner stops speaking and responding to you means it's over. Skk Migas must think this is crazy too and they can't get involved in a bad marriage
One also has to assume Sonoro management have not sold their stock so need to find another project to get out...and preferably out of Indonesia as they have failed twice now
Question now is how long does this take and do they need to restructure the company to do anything? Reverse split, financing, new board and management? Or you could sell at capital loss