Ann: Highway 71 Completion Update , page-22

Bignote,

I really cant say how long we might wait for the Cook update.
I have not investigated it as yet.
What you say makes sense, but i would be stretching the timeline out of caution only due to weather in the region being a tad troublesome.


Re: readability of announcements...

I agree with you that announcements should be interpretable.
However, have you ever had the shoe on the other foot, where you get only generalised commentary from Directors, which can be innuendo based, which plays into rampers hands?
Take my last investment in MAE..we got lots of figures and no technical back-up. The play was a flop and i dont think the companywill ever redeem itself with shareholders, which is deadly.
By comparison, with TEX, i anticipate that we will get flow rates being quoted after extended periods which will be accurate readings therefore of averages etc...i expect we will get Throat width measurements being conveyed to us too...all this spells out accountability.
TEX are acocuntable and are not afraid to say - 'we are moving on, we dont like this well'. They take disappointing results as part and parcel and state technically how they reach their conclusions and what informs our next play.

Dont be worried about asking for clarity from some of us, who talk to the Directors, and indeed make sure you try and call one of them yourself and you will be learning in no time.
The reason you dont get some of the terminology is that it is really writtne by the engineers and so its not just spin
;-)

Cheers

Lautrec.

PS: See, the share price was almost at fair value a day or so ago, maybe due to leakage(?). And so we are steadying again and the daytraders are swapping positions in line for the next results, which could be very good.