DB....take a cold shower and try to see the reality.
40% more cost or not, is a moot point. FAR stated they had binding finance when in fact they had NO finance.
The warning signs were there all the time;
The shareprice will look after itself,
Best million ever spent,
1 year PE
55% COS Samo
etc. etc.
PE was an 'exploration drill' mentality in Caths eyes....when what we needed was a 'production skillset' mentality. CN has been exposed as a one trick pony. Time for her to move back into the exploration office and bring in a more robust leader She's strong and determined, no doubt, she just doesn't have the overall smarts required or was required a year ago. It's a c@#k up of monumental proportions.
Your harping on about the change in FPSO is just hindsight fuzzy noise. When the reality is that a different mindset at the helm could have quite easily sensed the building risks surrounding PE/FID/FINANCE a full year ago and come out of the exercise way back then with a possible JV financed production deal way before any bloody virus inflicted oil downturn.
Do us all a favor and take five...you deserve a break.
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Open | High | Low | Value | Volume |
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2 | 35000 | 0.510 |
2 | 45521 | 0.505 |
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1 | 30000 | 0.495 |
Price($) | Vol. | No. |
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0.540 | 22471 | 1 |
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