Just been looking at the threads around July 2023 (10 months ago) and we were in a similar situation.
Understandably Patient shareholders were getting despondent with David Deloub and the lack of news.
On the 2023-07-12understandablly suggestionswere made of David Deloub such as “too busy sitting on an island beach drinking pina coladas” by a poster who invested thenown money and has waited patiently whilst keeping cool headed.
https://hotcopper.com.au/threads/0-5c-per-share-dividend.7306304/page-194?post_id=68756788
or
from another incredibly share holder who I hold with respect for their integrity and calm.
Who also wrote on 2023-07-18
” you’re dreaming if you think there’s going to be anything new or interesting in the quarterly".
OR
Niz’s excellent analysis on the 2023-07-19 who myself and others up voted.
https://hotcopper.com.au/posts/68875638/single
And then less than a month later on the 21-7-2023 we had the announcement of a new well, and then not long after another well.
So i guess that there were commercially sensitive activity going on behind the scenes that produced two new wells.
I guess I have to be more patient and realize it really has not been that long since we had the Caroline well and be more patient rather than catch the contagion of pessimism towards SHE.
Yesterday SHE Was 1 cents and today 1.1 cents and its current assets (mostly cash) is more than its market cap and it is making a profit that on average over the last 4 years has grown as quite a pace.
Thre revenue growth is just lump rather than continuous and smooth due to the nature of the business and SHE still being small.
