The two major problems with the company imo are:
1. Appalling understanding of shareholders expectations and market dynamics (this includes the abysmal reporting)
2. Very high number of operational difficulties
Apart from the shock of Gretel they continue to find oil and they are still well funded in the medium term to continue with new wells. I hope the above problems are addressed as we continue. At 5 cents we seem to be starting from scratch but clearly this is not the case.
However, the company has severely damaged its credibility which is why so many long termers are exiting. The cliche says it takes a long time to restore but it should not given the problems are essentially not related to finding oil.
I'm still sticking with chand re 45 days to prove commerciality or current fields. Although I will be pleasantly surprised to see a change in the way the company reports I am not expecting anything different in the short term.
- Forums
- ASX - By Stock
- we r still healthy alive kicking and screaming
The two major problems with the company imo are:1. Appalling...
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SSN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online