Ann: TMK: Production Testing Commences, page-61

I'm actually not impressed by management of most of my stocks. For the salaries they get paid, I expect outcomes and shareholder wealth creation.

Have a read of my STX posts about what I think of the Walyering delays.

The market is just as unimpressed as I am.

If Mongolia is not just a cash burn then:

1. What happened to the MOU with Petrochina (why have they run for the hills)
2. When will actual gas flow (not just these announcement tease)

In the absence of concrete facts, then there is a reason that the market is pricing it at zero (or negative).

I think time will show this cash burn to have been an absolute waste of what could have been deployed to the Perth Basin (Condor)