placing: fools or thieves ?, page-9

At the start of this drill they were fully funded.
As it came to light that the well was running overtime and over budget the share price was already in steady decline.
Would a raising at this point have caused panic and a sharper fall.
I think no matter what the senario there would always be someone to complain about something.

A comparison to BP is irrelevant.

In regard to market cap, genel bought 50% for $50m so block is valued at $100m. But it is only worth what another will value it at, right now it needs targets identified, drilling undertaken and resources booked.

If you base your investments on excitment re drilling and incorrect calculation then 9/10 times you will be dissapointed, but to blame mgmt because you would have done a better job with hindsight?
I dont remember you mentioning this exact senario would arise?