Expenses under 10m a year Etinde in the hands of others and bonomo not generating revenue yet- can understand the market view But as long as etinde drilling goes ahead q1 2017 looks a very good risk reward, although glad this is my only high Riisk reward stock
lack of real progress and constant delays [very long delays] equals cash burn $165 mill down to less than $100 mill . No excuses left [POO , Cameroon gov etc , etc ] all gone, its down to KH and the BOD . Time is money and time they have had plenty of, how long is long term 5 years 10,15 . KH has had over 9 years. With the sale of ETINDE [ 50%] he's had the money . He's now p.......off many PI,s but why should KH worry nice salary and not accountable to PI,s.
Very sad to read about peoples dreams being shattered, we however have the best of both worlds money and cheap good business opportunities out there to benefit our future, the deal with AMINEX was a non starter as they are worth a lot more than BLVN offered; so what about this PCI deal, is this any good if so why are we not taking an interest?
Can't see Kevin hart leaving anytime soon Not expecting much movement until the end of the year Etinde budget sign off by all players will be key!!! also if Bomono progress confirmed and capitalization of the finds on track. If both happen in November sp could take off!! why would KH leave when with these two parts in play could well pick up £6m in a couple of years time. costs under reasonable control - those that are patient from here could finally be rewarded
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