I have also been thinking about this issue. It appears that the company is relying heavily on the production from these wells and gas flows. However, it remains uncertain whether it will be profitable. We should take the first two reports with scepticism because Trent seems willing to take risks even with his own shares.
"This is a significant concern, as he was aware that the release would be unfavourable. Therefore, he did not bother to add more funds to his margin account. He knew that the price was going to drop even further despite the fact that they were able to extract gas from the ground. This move is unfair to the shareholders who have supported these drilling activities."
It is only a small holding I kept from last year, but the writing was on the wall when the first set of sales was made from vested parties close to the source.
A picture tells a thousand words they say.
BNL Price at posting:
0.8¢ Sentiment: None Disclosure: Held
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