The sp has tanked, there is no amount of bad news we cant handle at this stage. Way foward Full disclosure on operation of the company -current production -which wells are producing and which ones not -why liz and mcgregor left -Final VWAP and proposed issue date and quantity -disclose Varang -disclose service providers -how far we are from getting CPR (no matter how far) - disclose amount 'donated' to AC -answer directly all questions fowarded by FoF(no matter how grim) -explain large sells Admit that sp fall has been largely to your incompetence based on the fact that $400m spent to yield a £4m mkt cap company Accept advice I do not necessarily believe you should resign(because you wont) but a change of attitude towards shareholders who have supported your near meaningless headrooms. Last but not least-you do the above, you will have peace of mind yourself. I hope you take on board these considerations Thank you.
We can dream bomber, but would be just the ticket..I'm sure the £400 million must stick in the GG's throat.. If the service providers are elements of the GG, And the GG do now indirectly hold 35% if FRR, it would be hugely beneficial to all concerned for the GG to give the nod to the Grorgian co investment fund to chuck half a billion at South Kakheti and get this gas show on the road...
We've had service providers in the past.. The company has never had any issues naming them.. But not this time ? I like the sound of any takeover, hostile or otherwise.. I'd vote to let the company go for £1..... Plus the £400 million costs refunded..
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