Barneyw, it amasses me that after two(2) years of less than acceptable share price performance, the pat on the back continues. If you have not notice, the Central Petroleum share price is at an near 52 week low, this is concerning considering they have a oil field, producing gas and supposedly in a better position prior to the unceremonious dumping of John Heugh according to Richard Cottee.
In short, the action taken to date has failed to provide any significant shareholder appreciation or entice those sophisticated investors onto the register. If you have not noticed, the share price over the last six(6) month has been manipulated at large by algorithmic trading, meaning a sophisticated entity has control of this company for reasons assumed to be financial risk avoidance.
If you have not noticed, we are drilling in the Georgina basin, we are the operator of this Georgina Basin, we should be in control of the operation. Yet your magnificent (7) plus one(1) cant event be bothered to reassure their investors and the market of the drilling campaign and progress.
Why does a person need to justify his/her worth by providing you details of business started, operated and made successful? The fact that the share price speaks near 52 week lows is a warranted highlighting for cause of concern by some.
Yes management have done well in certain areas and aspects, but they underperformed in many as well.
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