There is nothing stopping the BOD recognising that many shareholders are protesting against them not acting in their interests and responding with a targeted announcement.
The performance incentives have the effect of rewarding management and the BOD in a scenario of ongoing dilution of shareholders.
That is why there is no plan or timetable to fund the first well and get cash flow for ongoing development.
The shareholders are not stupid. The directors and management need to announce how they propose to prioritise exploration vs development.
Is there a plan to develop so as to limit further capital raises?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)