Lost temper with Management, page-11

Project fundamentals haven't change that significantly. World has changed yes, and IO price has bottomed out but,,,,,
the Financial models were based on low IO price somewhat like we have now and full production is a couple of years off so IO price should recover to a more reasonable level by then. The cost of finance must be a lot cheaper as well as a one of the major operating costs for transport - diesel - oil for the ships .

Project will still make billions of dollars no doubt about that...

Management have certainly dragged the chain agreed but there has been a lot of outside influences to deal with in a developing world, IO price, Howlong, GFC, ETC....Management almost definately contribute to a successful company especially in the initial stages of development but it is the project fundamentals which then takes over and drives the success of any company, not to mention the hard working staff on the ground and on the front line....

The project will be successful and will provide the financial impetus for the African region to continue to develop and prosper...Cameroon is still one of the most stable countries in the region...It is just a shame it will have taken such a long time, way longer than it should have for sure to get this one into production..

Investing is all about timing...Look at the recent drop in the oil price and shares like STO and ORG dropped with it...last month you could of picked both of these stocks at a bargain basement price and you would have already made some very healthy returns within a very short time....