Everything about the PPSA has been a cock up. Just to be clear I have no clue why SM let it roll along in the background for so long. It 100% should have been sorted before we drilled a single well. Not like there hasn't been enough time. Flip side of that is the plan was never to farm out until this year after drilling Musuma and testing MK2. I do look back at the rights issue for 15 million and wonder if shareholders had participated whether we would be where we are today. I doubt it IF you believe Musuma and MK2 will come up trumps. Sometimes you can shoot yourself in the foot ages before you know that you did it. I get that the sp was tanking at the time but I doubt anyone expected 5c.......
IVZ Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
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