Not always a fail safe.
Years ago I invested in (and still hold shares at a massive loss) an O&G explorer with one of the heaviest of hitters at the helm.
The buy and hold mantra in this instance proved to be a complete failure. The company still trades, this big name is still involved, but throwing money behind proven management is not a surety.
The plunge in the POO didn't help, but looking back the plan was quite 2 dimensional.
SAU have picked up what appear to be quality assets, and have brought in star performers and are giving the company every chance at success. Obviously not going to guarantee success, but they are giving us every opportunity.
Personally, I would love to see SM piggy back off the BMV announcements about gaining access to ***ong etc, and providing the ASX with semi frequent updates with pictures of progress.
We have such a great story to tell, which I think needs to be told to the widest audience possible.
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Not always a fail safe. Years ago I invested in (and still hold...
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