Yes and I've been complaining about missed timelines for the last 5 years.
I understand the frustration but I also can see the necessity... what would have TNG holders done with their shares if PB said production wouldn't be due till 2020 6 years ago?
How would that have helped the C/Rs and dilution if the sp were a cent. Noone would hold so in hindsight by dangling that carrot he's managed to keep the sp up higher greating less dilution on C/Rs.
I'm not happy about it and I dont like the deception, it has cost me loads but I can understand why.
The question now remains how close are we really to the pointy end?
I'd say PB has always had a fair idea of when this would really come together give a year or two but certainly imo knew it was never going to be 2015.
Now selling at any point could be a risk of missing that large pay load many long holders have been waiting for. When an important piece info comes M/C definately wont be sitting around 120mil.
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