Share
8,638 Posts.
lightbulb Created with Sketch. 480
clock Created with Sketch. 07/06/22
10:54
Share
Originally posted by jakspara:
↑
I will happily eat my words mate but could go either way if they don’t get some serious urgency about the place very soon. We’ve continually heard about the “imminent catalysts” that never come, just more silence. What happened to the “DTC is days away”? To be fair it wasn’t stipulated how many days so whats 30 or even 60 days between friends ay? 2 months out and there’s absolutely no guarantee that we’ll even drill the 2nd well basin margin target, relying on Zim govt to do anything in a timely manner is fraught with danger, the fact that so many other things are hinged on the gazetting of the new lease just opens us up to be blindsided IMO. Will there still be North American interest? Will we be drilling the second target? Are we farming out, self funding or a mixture of both? Are we looking at an upgrade or downgrade to resource and COS for the seismic we paid for almost 12 months ago? Will the rig actually make it on site?…..the list goes on. There’s too many loose ends this close to what we’re told is spud date. Perhaps the recent CR was done last minute because it sure looks that way, it made us look weak and the market responded accordingly. When we started climbing to 30c and above, that was THE move we’d been waiting for, it was just beginning to release a little steam…..then we got the rug pulled out from under us before it had a chance to build. That was the time to get the PR humming, not knock the share price on the head. Those counting on a bounce back and beyond will be severely disappointed IMO.
Expand
Agreed, managment have bee under delivery dragging their feet, just not good enough even though many things out of their control. Of course it appears the same with every stock including MAY, EXR the same
