investors, page-41

Jiggy,

"why would the company leave itself open to wide critisism and negativity by repeatedly saying they will get "x" flow rate and continuously fail to provide it".

My answer is the same. You may be misinterpreting the 20mcfpd statement - it doesnt necessarily mean they will sell it to market, just that it can be established and demonstrated.

And why would it not be happening now as it was previously stated? Maybe the director options and timing issues have reset their strategy and they are no longer intending to make $ from market sales? - Maybe the Sale discussions have placed a greater importance on establishing 1P reserves than on market sales.
Maybe it signifies that a sale is close?



One thing is for sure, they have established a case of at least 7mcfpd from CC and they have shut off the heads and they are now focussing on drilling a few more holes to increase P1 reserves.


So this also castorates the rampers incidently, who disemminated so many expectations and devicive disappointment.
Maybe the daily sales of flow-rates was always the rampers construction and not the Directors intention? Maybe the Directors only wanted to establish flow rates and shut them off for a pending re-valuation?
Maybe you should ask the Directors for a clear answer and get back to us.
I've done my research and only have my considerations to answer you with, so maybe your diligence will answer your own questions and you could share them too.

Another thing is certain - the bot is active and the downrampers have had their fill of cheap shares and the Algorithmic trades have given them a free ride. So we will hear all the good stuff again now as they try to maximse their profits - as opposed to the last 3 weeks of bagging.


Also you mentioned the word incompetance and stated that the Directors were...
ROFLMAO!!!!

For the Directors to have built our reserves and and layed infrastructure and demonstrated flow rates in places that there never were any - i cant really grasp your application of the word incompetance in this context and frankly it baffles me that you may have overlooked so many value building aspects of their successful company directing.
Perhaps your expectations were rendered wanting and not their ability?
Maybe they are playing bridge and you are playing snap?


Cheers.