RIA rialto energy limited

Ann: Weekly Drilling Progress Report , page-15

  1. 20,826 Posts.
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    Super - I agree - its not good enough IMO
    One thing I hate is management that is dismissive of shareholders - specifically when the company to date has been entirely funded by shareholder money. I do understand it may be hard to make definiitivestatements as great flows may result from only a few meter interval but there is no explanation of week to week events. The Ann before last they stated 7 days to drill through uc1 and uc3 , last week no detail other than were they had got to
    Perhaps previous success has given the CEO an overinflated ego
    I have reduced my holdings over the last week to offset some gains - if I am disappointed again on wed I am prepared to take the hit and move on
    I am totally unattached to the company and my loss. In perctage terms it's easily recovered by reinvesting - I do still have hope it won't be necessary and expect a good flow result from the sidetrack
 
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