Just to review, the current state of "Play" is, in chronological order, as follows:
15/5 MAY 1 Quarterly report:
Whilst we have broad outline of the terms of the investment, which includes the formation of an international commercial venture, the considerable detail has not been agreed and finalised, but is imminent. We believe the outcome will deliver a positive outcome for the Company’s projects and its shareholders.
Quote: "Imminent" 14 WEEKS AGO
13/6.... JUNE 6 ............. 8 WEEKS AGO
Greatcell Solar is pleased to advise that it is nearing completion of the financing of its continuing operations, including the establishment of a world-class prototype facility, and expects to complete a US$8 million capital raising and associated equipment supply and technology transfer agreement in the next 10 to 15 business days.
In March, the Company elected to undertake voluntary suspension. (5 MONTHS AGO)
24/6....TURKISH ELECTION 6 WEEKS AGO
6/7 ...JULY 6 4 WEEKS AGO
Most importantly, finalisation should occur in the near future, although it is not possible to pinpoint a precise date. We believe the equity component of the transactions will complete in the next two weeks and will provide a further update at that time if that has not yet taken place.
In the meantime, Greatcell Solar continues to operate as usual in the successful
20/7 ... JULY 20 2.5 WEEKS AGO
The background to this further delay is that subsequent to the national elections conducted on June 24 there has been a significant restructure of Turkish government ministries – of the existing 26 ministries, 10 have been closed. Notably, the Ministry of Economy has been replaced by the Ministry of Treasury and Finance and the Ministry of Commerce.
7/8 AUGUST 7 CURRENT DATE
6.5 WEEKS POST TURKISH ELECTION
14 WEEKS POST " IMMINENT" CONCLUSION TO FINANCING DEAL
QUOTE: "Death is a cold Lasagne, suspended in deep freeze"
GSL Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
