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Imagine what their interview CV must have been like!
The RNS are written in such a poor way that I wonder if they have been to school at all in their lives! A child aged 10 could do better!
He's never ever beena CEO but should know his responsibility to shareholders, its corruption because CA have not even been engaged and they own 11% of the company!
Maris must go, he is the CEO and has completely failed by lying on RNS that they were engaged with all stakeholders.
I have a feeling that the bod and their ceo are preparing us for a low ball bid...
They are trying to scare shareholders in all the latest RNSs...
Why can they say anything about the continuing oil price rise and how much help this gives us with the balance sheet plus rapidly accumulating cash in the bank to sort out the CB from a stronger hand....and why not reassuring us about the production consistency and stable production..etc
What about telling us about anything rather than to keep on repeating recapitalisation, bond holders, dilution,financial strain.....etc
Something fishy is going on in that boardroom to screw up the shareholders.....
For me nothing changed and I am holding strong here with significant numbers....
I agree with many here on this bod until they change their tunes..
GL
@Bucklerfern - I could agree more. They are showing no evidence of any work being conducted. The CPR I believe has been completed an still not released.
I think we are giving the BOD too much credit thinking there is some clever agenda or strategy behind their lack of information.
Shocking management, HUR has the possibility of being a great Company but not with this Management Team.
i agree he hasnt stamped himself on the role - it is a role that maris hasnt done before - and so far not impressed with his step up.
it was a bad rns - full of flannel in my opinion. All they had to do was give an indication that hur will still be producing and profitable by the time drilling can start - unless it wont and then that should have been indicated, as it is we are left in no mans land yet again
Brought in as chief Executive with a remit we all thought to sort the company out, get it back discovering and producing, and with a cv that apparently was perfect for fractured basin plays like Hur. However the last 6 months have hardly inspired confidence.....and clearly CA feel the same as they gave the benefit of the doubt when he was appointed. It may be he was sold a false prospectus by the board too , though he needed a job, and that far from being brought in to kickstart the business he was brought in to read the last rites, and organise the funeral, that way the BoD could blame him for their ****-ups. Absolutely telling that none of them has a proper economic stake in the business, equally telling that Maris has been virtually invisible and that the RNS announcements have not had his imprint on them. Yesterday's announcement sums it up - if I had been on the Board putting that announcement out I would insist that the CEO take ownership with a quote etc...it was like something out of the Politburo. Either Maris doesnt want to take responsibility or as seems equally likely Useless McTiernan is allowing the Bondholders to run the company and has bypassed Maris completely.