Firstly, apologies if I sound a bit negative. Ironically I used to be one of the most optimistic posters on HC for CTP 3-5 years ago. As I said in my very first post in this thread, the result is generally ok.
Comparing the share price variance between certain points in time is very misleading. Those who bought in at 7.8 cents have made a stellar return. But the fact is the majority haven't, even those in the Top 20 are typically still running at a loss. Our largest shareholder, who only joined in early 2017, is still barely breaking even now, despite purchasing significantly more to average down since. To suggest shareholders should be pleased with the current share price is an insult to the majority of shareholders.
My quibble is two fold; firstly I'm frustrated shareholders were lied to by RC with regards most likely reserves and how the last CR monies would be used. Secondly I'm frustrated that there appears to be an entrepreneurial vacuum in the current board, which is not how a small cap spec energy company should be run IMO.
My quote examples were simply to illustrate that successive announcements have proclaimed that investor riches are always just around the corner.
It's nice that we are now talking about farm-ins and exploration opportunities, but why wasn't this planned out in parallel over the past 6-9 months? How can we get any speculative share price improvement when there is not much to speculate on?
I honestly hope for all shareholders that Dukas and Range come through, but if they don't, like last years drilling campaign, how long do we need to wait to understand what could be another opportunity?
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