My take Ralom is much of the initial exciting story (rigs still to utilise, potential acquisition) has now played out (which saw the share price run up to approx 14c), couple this with the higher then expected maintenance costs/capital expenditure of running the business. I am very interested to see the financials after running a full year close to max rig utilisation.
Ann: Investor Presentation October 2021, page-26
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