Tokyo,
Curiously at the time directors only partly took up their options. However as that was at 50 cps, it is probably positive as to value at 33 cps.
I am with Zinc and Dynofish on the water, esp the more they point out they too were blindsided by it.
Although I will hold what I have, also not prepared to buy more until my confidence is restored. I am guessing if and when that happens the sp will also have recovered in which case I will not buy, and will simply be happy to see my loss diminish.
I am reminded I was heavily in HDR as they plummeted on reservoir problems. AED,HDR,AZA all different problems but a reminder of the risks of project execution and the range of skills that must all be gotten right. Could add Bassgas. I am going to miss averaging down further here, and play cautious. Too late for selling out though imho, and I do have a good impression of Beggs.
EL
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