An admission of failure if ever there was one. Or perhaps its part of a grand plan to under promise and over deliver? Somehow, I think not...
I surmised previously that their bullishness re the oppies could NOT have been based on: 1 flow rates 2 reserves upgrades 3 ROW 4 road show 5 IO royalties
...because each of these would have a negligable impact on the SP. My guess was that it must have been a farm-in or buy-out that was causing the unbridled optimism.
Turns out I was wrong. Again. It WAS items 1-5 above that they were relaying on. Talk about a lack of understanding...
It's the flow rates, stupid. Always was, always will be. Get some decent numbers happening then people will consider the other things. Until then, they are nothing but fluff.
-Disco
GDN Price at posting:
6.0¢ Sentiment: None Disclosure: Held
