At least they have a weekly update on the drilling, yet i have found their Investor Relations very very poor...
Sentia, i was attempting to be sarcastic with my comment about the Management being so nice to finally communicate. DOes not work in writing sarcastic... I am very hesitant to jump back into this stock with such poor communications ability from PPP Management and IR staff.
I see that our replies to standard questions via email are basically the same- nothing. THEN you were forced to take up your time to further complain to ASX. ASX forced them to release something. This is not a company I wish to have in my portfolio, when they treat their shareholders with such contempt.
Any good Management knows that they must communicate with investors in a timely manner. It is disgusting communication for them. Operationally the might be good, who knows. From what I have seen (RE: Vietnam) their negoitations have not appeared too hot.
I think their poor communication to the marketplace makes them look a lot worse than they really are- IMO. Now that Darcy stated they been like this for years I guess they will not change.
Only 'luck' in the next drills will push up this stock and it will be worth a PUNT in the low 30s. They are a month away from finishing the potential 90MMbl drill.
My guess is the SP will dribble down until news comes from this. If dry look for mid to high 20's SP- IMO. All simply a guess of course. That is my feel, as the Management does not have the ability to communicate correctly with investors.
PPP Price at posting:
38.5¢ Sentiment: Hold Disclosure: Not Held
