This latest post indicates further isolation of the old and new management being put into place. Whereas, we all wait with baited breath for actual results, ie., restructure; re-establishment; and re-listing; completed reports; a definite AGM meeting date; and 'perhaps, perhaps, perhaps', a decent flow of gas from established and producing wells. We will have to wait and see.
We know that we have had a new management in place over this last 9 months and announcements (agree that some old team members should have been disguarded long ago)including a new joint partner and re-establishment of wells is reportedly under way. The second last announcement says things will occur in February and AGM to occur in March. Things could be on the move.
Holders have a right to be frustrated, annoyed and even angry as to the journey we have travelled with this company for so long a period. We can hope that a light at the end of the tunnel will unfold...... but, it will up to new management to display leadership, direction and truthfulness and it will be their integrity which is now on the table and is at risk if their promises are not fulfilled.
Looking forward to the next 6-7 weeks which will take us into April. I say good luck to holders, and still have real reservations whether it will actually occur.
MAE Price at posting:
0.6¢ Sentiment: None Disclosure: Held
