Am venting !! ;-) poor project planning though costs us shareholders . 15days should not become 50 !
As for the 120 day fiasco that too angered me . Am not sure why they even bother putting out the embarrassing timelines ! I guess they don't care about shareholders , that is granted .
One thing though, I promised this will be my last AIM venture . No more long physical and hold from me on any AIM stock. The level of contempt here and on other stocks is absurd . Am still in the money but my cash here has done virtually nothing for ages .
I share everyone’s frustration re lack of news but I for one side with the view that anything before the end of September will be a bonus. Take the drilling. Even if we assume 15 calendar days from August 19th do we really think an announcement will pop out on day 16? There will be an internal review of results – probably an external view as well – and the BoD will make damn sure that the wording is absolutely tight. Even more so given the politics that we assume to be in the background. And of course things do conspire to delay anyway. The same in my view goes for fracking and gas. All these have been well trailed, and the intent is there. I could even argue that any early announcement should be about negatives rather than the positives that have been stated to be part of the operational agenda. Like it or not the BoD will be inclined to wrap all announcements into one - unless something has significantly deviated from the plan As for the SP I have said before that this will be of limited short term concern to the BoD, and has no effect on operations. They will manage key stakeholders along the way. If I was on the BoD my interest would be entirely about a) delivery (ops and revenue) b) managing the politics, and c) having a clear sequence of events that is in place to realise medium to long term shareholder value. The timing of the latter will be less important than the sustainability. Frustrating I know, and to prove how much I know we will probably now see an RNS first thing tomorrow!
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