Hi Miningnut - at least you have conceded (twice) in your last...

Hi Miningnut - at least you have conceded (twice) in your last post that Beibu Gulf is a "valuable asset".

The Annual Report states the following :-
The Company has also received a number of proposals from various interested parties seeking to acquire its interest in the entire Block 22/12 Beibu Gulf joint venture. These offers are currently being assessed to evaluate whether selling the Company's interest provides an opportunity to extract greater value for shareholders than the option of retaining, funding and developing the asset.

Why do you degenerate that statement to 'spin'?

Also your comment that they are going to invest "all the proceeds in dodgy risky exploration assets in the US" is highly insulting and probably fits into the category of reverse-spin, bias, down-ramping etc. etc.

To be factually accurate they have stated that they are initiating JV for shale oil opportunities and that they will further subsalt plays and exploration in G of M.
This is what they do ........ business as usual.
No element of "blowing the money away" to me.

A.G.M. will be interesting to say the least - are you going ?