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clock Created with Sketch. 18/02/16
21:08
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Originally posted by Singa71
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Over the past couple of years and since AGM and the SP and HUGE consolidation, we are left at all time record lows, no liquidity and left dreaming of what could have been. We currently have no chance to sell and no way to recover a decent or some cases a profit at all. Thankyou very much to our board who got all this so wrong. Didn't they learn something with all this 25 yrs experience, who are they kidding.May I suggest this Remove the board . Get some true professionals and independent chairman who actually cares about seriously unlocking value to every holder. Actually get this company moving.New team comes in and sorts out the debt situation by buying ERM out plus the debt, which should attract a cheaper buy in price. Removes the stigma of big brother controlling this company, why else is TI not honouring stepping aside as chairman.Announce a very aggressive drilling program , suggest 4-5 wells in next 12-15 months (it can be funded very cheaply DYOR). Funded by the new team and cap raisings, NO FARMIN we can do this on our own as we should and work closely with Alcoa/BP.Do an important share split where as the consolidation is reduced say 25-35%, this removes the ill-liquidity which at present stops the larger holders from selling. Unless off market of course, but who would want in under our current plan and direction. Our stock needs liquidity and at a price range that is realistic.New team will market and get hands dirty by regular drilling reports etc. Now we have a market/investors finally aroused and interested. About time I say. T/O target in the market , we all have a chance to seriously make money finally, communication everywhere, media are excited and more importantly we can all get out of this and finally get on with our lives.
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I like a lot of what you put there.
