ARS has spent much of this year drilling away at their BKM deposit in Indonesia and it has gone unnoticed by the market. Once the BKM drilling had been completed, ARS issued a resource statement which showed an upgrade to its indicated resources (21 October 2015) and this went unnoticed by the market too.
Something to think about is the transfer of power – what happens when a Chief Executive Officer (CEO) makes a stage exit? A solid robust business should not be affected by a change of boss. What is a business – is it about the people or the tasks that need to be done, or a bit of both? In my opinion, the tasks should be the main focus of the business. Of course the right people need to be present in the first place in order for the tasks to be done, but with regards to management, I consider task management to trump people management every time.
This is more a general post about the concept (as I see it) of ‘reputation’. I speak from my experience from when I was a locum pharmacist turning up in a new area of the country and plying my trade. Obviously at the start, I had no reputation because people were not aware of how I did things.
Empyrean Energy – (TIDM: EME) EME has had quite a price surge recently since I declared my purchases in my Bought blog posts in the summer. Originally I wasn’t expecting the price to move for 12 months so this was a refreshing surprise. Since then, EME has released a further updated reserves report (13 October 2015) which suggests the 2P (proved and probable reserves) to be valued ~£88m.
Cyprotex (TIDM: CRX) CRX has had a good year so far – following on from a bullish interim results statement on 18 August 2015, the company released a further trading update on 23 October 2015 stating that the year-to-date trading is ahead of market expectations.
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