As always Ian Lusted is a very professional seasoned, believable...

As always Ian Lusted is a very professional seasoned, believable presenter.

I am sure they wish they could have their time again regarding the implementation and execution of their previous drilling campaign. After their ease of drilling success with Aurora the difficulty of the TMS seemed to be a challenge.
I believe they may have been somewhat complacent, overly confident and trusting of the drilling contractor to execute the processes. Did we ever get to see the full independent report into the poor results and drilling inefficiencies. ATS has not exactly been a great success, if everything was and is so good, why does it trade at 4.2 cents.
If only they had $80mill in the bank now!

Also, had money not be wasted on a project in Portugal that the Portuguese government and their people did not want. Some questionable decisions have been made by the company with seemingly few challenges to date. I guess 50 cents to 4.2 cents suggests people voted with their feet.
The TMS resource is undoubtedly there, it's proving the possible economic viable recovery now with no money for drilling. That is the challenge. I only hope management have the appetite to do the hard yards and are not happy with one big win and one modest loss.