Tamarind NZ enters administration, page-20

Do you think the market is concerned management might do another deal like acquiring 40% Reid's Dome for nil? Maybe they'll do another deal like spinning off a zero value asset to see it re-valued to ~$40m to shareholders. How about spending $8m to farm-into 45% of the first oil discovery in the PB in >10yrs? Or farming into L7? All these horrible investments by management. What was CH? $5m for a $300m+ replacement asset? Wonder if anyone is going to find any oil while drilling for all this recent PB gas? Who has the assets to process that?

With that track record, yep, gotta wonder where management is going to waste all our money next...

We're a $20m company with almost $40m in listed investments, with an expected cash profit, including its JV, going forward of almost $1m per quarter starting 20Q1, plus we've exploration permits with proven resources.

Market is wrong.