"agree, especially with Iain and Ernie rolling over and not drilling North Erregulla before accepting an offer. After the first drill hit, NWE should have pushed much harder to go after NED as originally intended next and get the cash, knowing that the discovery would have attracted enough investor attention from sophs to bankroll it. We all lost a large margin on the pressure Iain and Ernie succumbed to, which you might say was compromised by the tacit agreement to employ Iain at MIN after the takeover."
I also see the risk that Iain Smith and Ernie Myers could drop the ball and lose because Africa is difficult, and the big oil companies are merciless sharks (see Kosmos Energy, for example).
PCL Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)