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Despite the lack of progress over the years and that I'd bottom drawered these, I'm thinking top up on this sudden movement in sp.
This is after me thinking I'm not putting a penny more in lbe 🤷♂️🤷♂️🤷♂️
Zengas, i agree that noone saw japex jv coming or the production purchase but they've been 5 years in the making so one would have expected there to be more if the company is to deliver its initial corporate strategy.
I would like to have seen 'meaningful or material' cash generation by now.
Helge states, "We are now focused on adding further assets to our portfolio to build a full cycle E&P company with material production interests".
Same old. This has been their focus for nearly 5 years now!! Outrageous stuff...
Whirlaw - "Longboat's original "blue chip" investors turned out to be a disaster, very damaging, destroying the share price when they bailed. Who is to blame for that though? Longboat not bringing them the right deals, or the fickleness of the likes of Blackrock?"
I'd argue it very much rests with LBE. They failed to deliver their original strategy upon which blue chip and private investors made investment decisions. That failure, at present, continues...