Again... what would you have them do? We suffered delays due to wet weather. There was also a major correction in the market and on the viability of the nearology plays in the Julimer region. Did Management raise a healthy amount for exploration and drilling? Yes. Did the expedite drilling as soon as it was possible. When the first holes missed did they continue to poke around aimlessly? No... they went and did further research.
The market is full of mum and dad traders who move with the flow. Drilling delays, rain, missed hole. These factors led to many leaving. There are also a lot of world factors to consider right now as well, specifically around the Chinese and US economy. I know traders who are pulling out of other companies for an impending crash and market analysts who cannot make a strong prediction as to the effect of the blowback.
You want some shoddy management? Spare a thought for the fellas at MAN. CEO gives himself a 100k payrise before any drilling has commenced. Share price steadily rises from 4c to 27c though drilling has yet to commence. Management organise a cap raise (and admittedly raise a significant amount). Price falls eventually to 5.5c. Drilling ongoing since July 1st and there's no correspondence for nearly 2 months. Investors are considering approaching the CEO at the AGM. We could have that management if that would suit?
Its not great that our share price has slipped daily but there's news coming (whether it be good or bad).
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