Management could be doing better on the PR front - it took them up to a week to announce this latest deal instead of having an anouncement ready to go when the deal was signed - they are yet to give us the usual slide presentation on the deal - they haven't told us about the hedging details as yet as there is no way that Macq Bank would loan them this money without having at least 75% of projected production hedged for the next four years at least - we shouldn't have to wait until the quarterly is released to get those details and shareholders shouldn't have to phone Management either.
This lack of attention is what causes investors to dump shares - two big dumps today, one for 600k and the second for 680k - and then that makes other shareholders nervous.
Management communication is very important as there are another 2000 penny dreadfuls out there searching for the same investment dollars.
The drop in the price of oil over the last two days hasn't helped but we're hedged aren't we?
Management could be doing better on the PR front - it took them...
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