I guessed you were out from your change in attitude, each to their own strategy. I know things have been pretty depressing recently but can't help feel that it has to be up from here based on our assets alone. It would be nice to get the georgia sale through though as I feel that could be a great move right now. I am sure you will be back in at some point, maybe sooner than you think. Could RSR be looking to attract a farm in partner to help us develop TT; someone with deeper pockets maybe, just speculation but not impossible given our assets. Could that be why RSR is so keen to get the St Mary's block signed and sealed?
Was lucky enough to get out of a retail supermarket giant earlier this year at 300p - now 165p!! Worked for them for 21 years and President always used to say "get customers to spend more and keep your stocks good".
It is so easy to get businesses away from their core function if it looks like quick profits are available and CEO can increase his profile. Our core function since RSR and team reviewed business a few months ago is to get oil out of the ground in Trinidad safely and get our operating and support costs into line with current production. Safety and costs down are being achieved well, but production is the key and the news has been so dire for almost a year now. 264 staff, 600 bopd. Yes, like the retail company we can survive by selling the silver and borrowing to fund costs. But not for long, and regular production updates that show some form of progress is the only thing that will get some of the confidence back that must have been around in the heady Landau days. But this time, BOD must deliver solid reasons for shareholder confidence.
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