One shift at a time
posted on
Feb 06, 2010 11:38PM
Engineering, procurement, construction & management of crude oil refineries.
I feel like the old veteran wearin the 'C'
Expectations has the guys thinkin we are going to walk in and win the series on the first shot on net.
Even the rookies should know better
Anyone thinking his briefcase has $6b in it and we start tomorrow is not being realistic.
First step, in my estimation is to verify all the moving parts and to get a working agreement with credible financier(s) to see who the players are. A financial institution who has become motivated after a courtship will assign a due diligence specialist to verify that all the moving parts and playes will commit under the right circumstance. It is called a pre diligence report and for internal use only.Costs are bourne by the bank and it is an indication of their intent, usually coming with a first right of refusal clause for x months as thier protective device
In our case , a letter from NOC or Libyan officials committing to thier approval for WWf to operate a refinery is a starting point...in my opinion only, not based on anything else, despite what readers may think.
A package of this nature is what i expect.It would be great news and is a best case scenario at this early stage The inference taken from this type of news would be the dream has legs and will assert itself once more A pp completion and listing would be visible signs
We shall wait and see. If this is the case, it is a green light for us to carry on without any uncertainty for investors and will assist in our immediate goals of relisting etc.
Expect progress to be bank speed...it must be this way..it is an international and highly scrutinised marriage of the arab world to the west should it complete and flourish
Use your noggins and dont get carried away too far by the emotion.
This opinion is based upon my experience as a marketeer and knlowlege of WWF as a result of my close monitoring for years
royrogers
marketcents.com