I hate what has happened. I think the MD has a lot to answer...

I hate what has happened.
I think the MD has a lot to answer for, both in the lack of disclosure as well as lack of communication.
I must say the writing on the wall seemed palpable prior to the announcement but to do it with a trading halt seemed to rub salt in the wounds.

But

I have been surprised by how much buying has absorbed the selling by disgruntled holders. When I looked at the buy side my initial reaction was surprise.. who would want to buy this dog now?? The SP is now down to the levels before PRA acquired this piece of land. There is still cash in hand to allow another 21 holes to be drilled..

Is it possible that there is more at play in this greenfield ?