I am not complaining about the little spike in sp but this stock is a crazy speculative buy at the moment given this management team's performance and lack of any communication about what is going on.
Like TRIG I am not optimistic about Myanmar awarding a little cash strapped company a licence when there are plenty of experienced, deep pockets around bidding for the same acreage. We might be pleasantly surprised if they somehow manage to grease the army boys a bit but all things being equal, the chances of success have to be minimal. That's not pessimism but realism!
and then there is the Russian play as well (is that still alive?)...all very risky.
I came too late to the realisation that we have the wrong guys in here running the show and we are definitely focusing on the wrong geo political areas. This is like taking your money to the casino and hoping for that one lucky hit (but ignoring the fact that that lucky hit only has a 1 in 50 chance in coming off).
This company changed from a company with a clear Ukranian cash flow focussed strategy (partially implemented) into a company where the strategy seems to be set by people high on ice (not the stuff in your freezer), a business plan that is erratic (if there even is one) and a communication strategy that is non existent (despite the ongoing complaints by stakeholders about that very fact for over two years now).
Here's hoping the 1 in 50 shot comes in and/or management is replaced soon.
Neither is likely to happen imo so get ready for the tax write off!
HOG Price at posting:
3.0¢ Sentiment: None Disclosure: Held
