AGM, page-40

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lobbo

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29/05/24

22:56

Post #: 74072829
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Originally posted by 40Beers: ↑

In regards to expected investment timeframes mentioned above i am also one of those trapped long term and trying to decide the next course of action. First big parcel was at 1.2 cents prior to Jewell, and mainly bought in due to the 3 pillars story and the promise of firm up and sale of assets = payday. Now 3+ years down the track have zero ROI, and now the plans have changed and looking at 2028 before any chance of ROI. Yeah the SP may bounce up a bit but it appears we are going to spend everything to keep drilling until our DSU's are spent. What next, add a few more DSU's in the next couple years and DP & co keep taking there $400K salary and kicking the can down the road?? I don't even want to run the numbers on putting the same $$ into HZN over last 3 years let alone 7.. (actually i did get into HZN but nowhere near as much). Realistically anybody running the ruler over this, and DP's current plans being to spend everything drilling until 2027/8, no share BB and no dividends/return of capital to SH we are not going to attract any new money short term IMO.

I'm sick of playing spin the goon and rat fricassee on a Friday, at this point IMO only way we are going to get a SP bump short term is if the price of oil/gas goes stupid. Thankfully i am reasonably confident oil will keep moving due the idiots playing war, but then the macro issues of the current state of the USA spending/adding 1 trillion debt every 100 days also paint a cloud long term.
.
Ah well, rant off, just happy everything gold/silver is giving me big greens and i'll hang around here for a while yet ; )

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Other than the execution of the plan, how have the plans changed from the 3 pillars story?

BRK Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
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AGM, page-40

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AGM, page-40

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