PYM pryme energy limited

internet info, page-3

  1. 1,576 Posts.
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    I appreciate what you are saying Middy,

    Everyone wants to see the long term potential of the stock be realised. People who I trust with industry experience say that management are very competent and the stock has good long term potential.

    With the market charging ahead in leaps and bounds you can not blame shareholders for getting shirty when what was promised in previous announcements "Drilling Results" were withhold without management giving a reason. Now if we assume what has been written on HC is correct than it was due to signing up neighbouring leases. I note that this was never announced to the market and therefore can not be relied upon. The issue with us “whingers” was always what was promised was not delivered.

    I would have even been reasonably satisfied if it was released there were no resources there at all. There is a risk to these investments and that is life. What is however very hard to swallow was withholding results for what the grape vine tells us is due to signing up leases. This is not a risk that many would have forecast possible from the lead in announcements and therefore leaves people feeling annoyed.

    Anyway what is done is done now. I am happy to wait until September at which stage I will give the directors huge praise as overall I am sure they deserve it. In this particular instance they should have made it clear from the start that results would not be forth coming until September etc.

    I happily await and good luck share holders and management =)

    I am the Iceman!
 
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