more to come?, page-9

I think its more about valuing the future, not the past.

Although (in the hope of not contradicting myself) the fact they have transformed themselves from an investment company with one holding to a producer and explorer of several (high?) potential prospects has been good but...

Trust has been dented with the fact that FP1 did not get what we thought (or hinted at with the superlatives used in the announcements).

So we are at abit of a standoff. Credibility to be rebuilt, and the risk of CR hanging over us again given cash burn rates and limited cashflow.

Saying all that there are a number of news items to come in the next couple of months:
Silverwood
Bongo (frac - mid Nov)
FP1 (is it really dead or just pretending)
FP2 (when will they drill)

All that anticipation of what could be will keep the SP bouyant for some time - so its all about each individuals risk/reward weighting.

I think the upside is greater than the downside from here (even though I sold 1/3 of my holding after the FP1 annc)and I'm waiting for another entry point.

I like news flow (like cashflow better), so waiting this one out for the time being.

Good Luck all

Maddoc