It is certainly not the way to make money. It is impossible to look for opportunities when obsessed with a mean spirit.
The management may or may not have made mistakes, but it is likely that these were triggered by the unexpected change is cashflow and the demands for extra capital that arose with the remedial works, the settlement with the Mauritania government and Uganda discovery.
There was also at one time a claim against WPL.
Did not the CFO resign. I wondered why at the time.
May be future cashflows in and out were not adequately forecast.
We shall only know if a major mistake has been made at the conclusion of the current process.
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