Let us hope there is no issue with unpacking and assembling the drill, and that the drill turns out to be reliable.
Does anyone know what company is providing the drill and crew, and whether they have a reputation for providing good equipment and experienced crews? These things are critical to a successful campaign.
ATN to their credit, did inform the market of the initial delays, however, for the subsequent delays, it looks like they preferred to keep quiet. How are shareholders to assess this?
We should be giving the company the benefit of the doubt, and our support, right at the moment. We know that in Indonesia, time often has a different meaning, often referred to as rubber-time, so the company needs to factor this in, and investors may need to be a bit more 'rubbery' when assessing announcements or due dates by this company, in light of the environment they are working in.
Let us see how professional this first drilling campaign turns out to be, that could be the gauge for assessing future work practices, and company-management-shareholder relations, and eventual success or not of the project.
Gw
ATN Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held
