Daily update should have been given.
As the delay / slowness in drilling did effect the share price
As there drilling schedule said previously it was already drilling at an average of 200ft per day.
The it would seem this has now reduced down to 60ft per day.
Well as a serious investor, I consider this to be price sensitive because if they are not announcing on a daily basis then one can not be faulted into suspecting there has been a problem.
This is a clear example of NOT keeping the market informed and the SP suffered and I am sure that there have been other investors who have sold out because of the lack of information.
I do not believe the SP would have been to greatly effected had they simply and honestly announced that they are drilling 60-80 ft per day - SO LONG AS THE MARKET IS INFORMED THEY ARE PROGRESSING AND STILL MOVING FORWARD.
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Daily update should have been given.As the delay / slowness in...
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