I think most people here know that i have not been impressed with PR as a project manager or capital manager going back to the first BP CR raise. One necessary skill in project management is risk management but PR and the board have not shown any evidence of that skill. In different form, it is needed in capital management. What is especially clueless is setting a price at 65c on the options when the diluted share price is likely to be around 43c, And the exercise date is 1 year out. Let me guess, just before a delayed schedule (risk management failure) leaves the exercise price on the margin of being a bargain or not. The worst part of each CR has been the sly suggestion that "enough to get to where we need to be (for hmmm registration, what?)"...and we have the program well under control (not). iPPS is still the game-changer prospect for KOA, and it still looks like >2years out to fruition of share price take-off. PR is mooting 6 months for this or that. so, nine months would be a surprise, and with the state of markets think low end of the range for any deals. When it comes to prospects by the next 18-24 months I am talking about the difference between 4-8*SP post CR and 30-60*SP. Hopes and dreams. Since i am long retired, I have to think hard about participating in the CR My earnest hope is BP will take a position in PAR and boot out PR. IMO. DYOR.
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