I can understand people might want more news flow, but I'm not sure weekly drilling updates are the answer for a company at this point of maturity. It may be more suited to a company that has reached a certain level of more or less guaranteed income and the weekly drilling updates are about the cream?
To some extent, as hard as it may be, I'm willing to stay in the dark a bit longer. Imaging what it must be like answering shareholder (and other) queries when there is much work to be done would at times be a distraction that is counterproductive. The other consideration is that a company in this position, may have legitimate strategic reasons to not report news until there is more certainty.
The company perhaps at this stage is perceived by some to have 'over-promised' in terms of anticipated news flow. That situation may well change 'overnight' at any time. For my purposes, at this stage I'm still willing to give substantial time for delivery on that promise.
AVB Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
