Who is REM & why is ESR being So secretive!

Who is REM – Raka Energi Mandiri – and why has Daws been in Europe? Holidaying?

And why has there been no news for 13 days? Batching holes? PLEASE!

The buying activity on Thursday and Friday suggests news is imminent. But if Daws is in Europe taking annual leave, it’s extremely disappointing. The REM story is incredibly intriguing to me, yet this silence undermines all momentum.

Both Les Pereira and Chris Daws need to be held accountable. Firstly, after six months of planning, how did they end up with a drill that wasn’t fit for purpose? How!

We had a two-day trading halt based on similar results — then nothing for nearly two weeks.
How?

Daws being in Europe on holiday is a disgrace. It signals a lack of urgency and awareness at the exact moment investors need leadership and clarity.

Momentum has been lost. And poor decision-making, reminiscent of the Carr Boyd saga is once again causing sleepless nights for shareholders.

The sharp transition from aggressive news flow to total silence feels like a slap in the face to retail investors.

Then Funding lands!

Chris and Les, it’s time to stop assuming this is a guaranteed home run. This opportunity must be taken seriously.

And just so we're clear — I know who the buyer is. And I know that fact unsettles both of you.