I agree that there were/are factors outside of the company's control, but post Biden, the company has used language that has indicated that things are well in train, when from all appearances, this is contrary and doesn't appear like this at all.
As I've said, I've no issue with them telling it like it is, but they've indicated timings and talked up things like rolling drilling strategies and not produced evidence of this then one needs to think about what the heck they're doing because from the sidelines they're just burning cash.
This permit is for a single drill - while I'm excited to finally see some movement, slow as it is - I'm also looking ahead at what's drills are next - and unless they submitted the other 2 applications in June 21 and 1. Didnt tell shareholders and 2. the COGCC website is grossly behind in updating by 6 months, it would appear that after this drill which, we're going to be waiting for another 6-12 months burning cash. The way I see it, its not the shareholders that get anything from this but management who are still getting paid their wages.
Very much agree with you that management needs more pressure and provide better updates to shareholders.
BNL Price at posting:
5.3¢ Sentiment: None Disclosure: Held
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