Mate, I am neither. I've been riding the story as a share holder as long as anyone. I am frustrated, disappointed and angry at Management because my dollar cost average got up a lot higher than the current share price based on Phase 1 coming online on time. Management has failed to keep the market informed about issues in a timely manner. Despite this, the fundamentals of why I originally invested are still there and I take confidence in the financial support from the DFC, SAB and the macroeconomics relating to helium worldwide and LNG in SA.
Phase 1 still needs to produce Helium and SM has given us another time line of producing by the end of the calendar year. It will be ugly for him if it doesn't happen and not particularly comfortable for share holders. If it happens then I expect we will be back on track for Phase 2.
I think Management has learnt a lot from Phase 1 and have/will appoint the requisite experts for a more mainstream build for Phase 2.
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Price($) | Vol. | No. |
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