good link , but what does that say really re the progress here?.The challenging economic environment of sustained low oil prices has also affected the progress of the appraisal wells. if that is a comparison it is off , we have made no progress , the legal briefs found out last time they knew nothing , poo has zero impact either coz none is being produced?
all know , ( i think ) ,its share shuffling atm at an agreed price . the reasons for their escalation of buy back quantities does raise questions personally though. i don`t believe it is to get an easy ride at the agm though. anyone with disposable funds can purchase shares at a click of a button, it`s what`s done other than that on a daily basis that will come under scrutiny. all imo of course
I believe the board are 'motivated' to increase the buyback, certainly more frequent and better quantities than before the close period, to increase the SP to take the pressure off them a little at the AGM.
Crown Ocean has been trying to flex its financial muscle to replace a few board members, as the currently board has spent a LOT of time and a LOT of money and have NOTHING to show for it, so a higher SP will make any other moves by Crown Ocean less likely to be achieved IMHO
I am just sick of seeing huge cash burn with nothing to show for it. The current board seem to be spending £10m to get £1m of asset value and need to be held account IMHO
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