I'm not sure the exact reasoning behind this update, but I hope and suspect it is just an intended follow up engagement/communication to shareholders, after the disappointment (or is that debacle) of the PE arbitration. Most (retail) investors I suspect have been waiting to hear something from management, if just to re-assure we remain safely in the game.
I am though, very disappointed FAR have not mentioned the arbitration in the presentation. They have had a week now to decipher the result and not addressing it in some form or other is another sign that this management can be seen to steer clear from communication of less palatable items...this will in turn continue to harvest reduced credence of their communications, and as we see from some people, in their management of the company.
On the positive I am glad they have at least acknowledged that shareholders are still here (with this presentation)....but next, let's aim for less 'head-in-the-sand' on items that haven't gone as planned.
dodds
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Ann: Investor Presentation - Sangomar Phase 1, page-36
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