because there is no clear direction over the last 12 months.if...

because there is no clear direction over the last 12 months.

if this project gets off the ground, and right now from my perspective that's a big IF, it'll come down to dumb luck.

yes I understand they're employing the right people to tackle this problem, but the reality is they dove into this project not anticipating or even knowing it was going to be a problem. it's not like the company sat down and mapped out these specific problems and worked out a plan to address them. the awful truth, for me at least, is it appears they're flying by the seat of their pants.

the company had, in my view, a very reductionist view of the complexities around a hydrocarbon deposit. and now we're paying the price.

to their credit they're really trying to deal with the challenges. from comments last year, I genuinely believe they planned to drop alpha and focus on the ET. but now they're realising the ET may be a giant duster and so they may have to work with what they have. and to their credit they really are.

whether it works out, as I said, is going to be pure and simple dumb luck.

what worries me even more is the problems over at BDC where they did a consolidation and even changed their ticker. good grief. talk about damage control.

and let's not talk about the cash burn and the increasingly likely CR in the teens.

I truly do wish good luck to the diamond hands and true believers.

all my subjective opinion only. not advice. dyor.