Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-316

I agree. I used to have more understanding for these mopey "this is a sinking ship" posts". We're all underwater, this has taken much, much longer than expected so frustration is warranted.

On the other hand, there's no balance in these posts as claimed. Mine and others, while yes speculating on bits and pieces with no certainty is what investing is about, as long as tempered with language that reflects that uncertainty.

I am a commercial advisor on mostly transport projects. If you're negotiating a position you NEVER have the other side's cards. You have to look at the market, the project, the counterparty and make an educated guess based on a probalistic risk assessment. This means pulling disparate bits of info and combining quantiative analysis with qualitative intuition. And then, effectively, guessing.

That process is played out by most posters here. Info sharing, speculation, all to form an assessment of both magnitude and likelihood of success.

Here we have another layer, we're on one side of a potential transaction where our own side (management) IS NOT ALLOWED to disclose the details of their discussions to the public because of commercial in confidence restrictions. So we're forced to search for snippets.

Frustration I get and feel. But untempered, emotive slating of the entire company with no other rational but, in effect "Finance is late and we've heard nothing so they are smoking Cubans on yachts with our money" is just useless and if I'm being uncharitable, comes across as disingenuous, aimed at setting a "mood" to spook those retail investors who err on investing by feel or are spooked easily.

if the reason for such posts is not an underhanded strategy then holy cow I'd reflect on whether this end of the market suits one's temperament.

Now I've written all this I ironically realise emotion has gotten the better of me here, I used to reply to these posts fruitlessly, then learned to let go or ignore. But I've written it now so hitting post.

Good luck to us all. Even the people i wouldn't want to have a beer with if we win.