FAR 1.98% 49.5¢ far limited

Ann: Sangomar Field Development Exploitation Plan Approved, page-13

  1. 6,512 Posts.
    lightbulb Created with Sketch. 1912
    Talk is cheap. Despite all the talk, the bravado... telling shareholders at various points that PE will be resolved in a year, they won't need to dilute shareholders... they have been wrong wrong wrong. But all is forgiven, just let them drive the company into the dust.

    They've blown your shareholder money for big fat salaries to anger a key partner. Struggling to raise expensive debt and diluting shareholders isn't an achievement, it's a disgrace for a company that has been part of the exploration success it's had.

    A ham sandwich could've managed this better. Maybe one day they'll get lucky and this will get back to 8c. You'll all celebrate and say, "I told you so." Just remind yourself then of the many years of wasted opportunity in a massive bullmarket run and that 8c is what a lot of people paid to get in the first place.
    Last edited by Sojourner: 09/01/20
 
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