Yep. Serious lack of confidence . Noone saying anything in here. We know noone turned up to the investor briefings last year. Some negative vibes were going around. Seems to be a general perception out there that only the big boys have any hope in East Africa. Negative vibes about oil price. Negative vibes about the regulatory situation (taxes, fees, profit sharing). Negative vibes about unpredictable regulatory environment in general (licences) , negative vibes about political instability (al shabaab), realisation that oil doesn't mean anything if there is no infrastructure to transport/sell it.
So far it is all counting against us. Not sure if mgt are in a funk.
Anyway. We need to man up.
SWE Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
