What's the point: Probably his Sell-out bonus & Staff Retention awards would just transfer to the next invisible/inaudible and totally sterile placeholder. Still I wonder what they do all day: nobody to report to, nothing to disclose, no production improvements to inform the market of - just obey MNR's orders and dream up the next round of personal award schemes..... Couldn't the Strategic Genius come up with some Market-stunning strategies to get us out of the eternal doldrums ?
So given that LTH have had our holdings decimated and the complete lack of clear communication what is it going to take to get GKP back to a more realistic valuation? Even with the most conservative valuation methods GKP is grossly undervalued at the moment.
As ever there always seems to be something else that is holding us back and personally I think at the moment it can only be mistrust and sentiment towards both the BoD and MNR/KRG.
The current BoD do not instill any confidence to be able to fulfil the potential of Shaikan, the sheer lack of engagement with shareholders both prior to the dilution and afterwards is clear for everyone to see. Operationally we seem to be performing very well, but why are still employing the 'strategic guru MP'???
My hope is that the PSC amendment gets confirmed over the next couple of months (with backpayments booked) and marketing rights transferred, then and maybe only then will we see a rerate to a more realistic valuation? Meanwhile I am taking the opportunity when I can to reduce my average to a more reasonable level where I believe will eventually see a return on my 'investment'
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