ESR estrella resources limited

Not concerned?That says more about your understanding of...

  1. 496 Posts.
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    Not concerned?

    That says more about your understanding of operational efficiency than the situation itself.

    Rigs, crews, and equipment on standby without permits in hand is not just “frustrating” — it’s financially reckless.

    I've been in this industry for over 3 decades, and I can tell you firsthand: idle rigs bleed capital.

    This isn’t some forum mood swing — it’s a real-world consequence that affects timelines, deliverables, and shareholder value.

    You say "the company can only relay what they know, but they've known about this permitting issue for 6 months, and still chose to mobilise. And now we’re looking at going into the Tokyo IMnI conference with no core, no visuals, and no progress to show — an opportunity wasted.

    You might be comfortable accepting vague reassurances, but I prefer accountability and foresight. If you're not concerned now, I sincerely hope you won’t be the one sounding the alarm later when the capital raise comes to cover wasted burn.

    But hey, if everything’s “just fine” in your world — must be nice.

 
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