With the way the market is going Moblan should be put on hold and the only reviews management should be doing is:
Can NAL support itself if not why not. As this is our income at present and they have capital raised the crap out of SYA so that isnt an option any further. Debt would be stupid with covenants and the interest rates atm.
So if NAL is not profitable then that would need a very very big address or the company simply wont last. If it does generate at profit they then need to be very careful about how its allocated to drilling anywhere Mob included. Because if something big breaks down at NAL how will we fund fixing it, if its been dumped in drilling.
Finally review of themselves and if they are worthy to continue on as SYA directors. Granted the market hasnt performed well in the last 9months but neither have BoD decision making. ie No OTA when the going was better, they had every chance to secure this before these prices....... Just to name one big ball drop.
SYA Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
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