RE: Action needed10 Oct 2018 11:28
Guys I really hear what you're saying and you know I'm not a fan of this mgt structure (or the new appointees) and am surprised hugh has survived to this point however I think we just have to wait until end of October for some form of update and thus isn't too long now is it?
I am hoping the silence is because there is work being done and two way communications with regard to farm down process (being the optimist). Experience tells me and looking at share price reaction, this isnt the case and that worst case eog are simply sitting on their hands hoping for bids to come in at last minute and that is why there has been so much silence.
There have been some points on here regarding no expectations of communications around process at end of October and considering the fan fare and imho, somewhat green remarks made at the time of opening of data room, any non update will be treated contemptuously by the share holders who may well infer no news is bad news (as I would do to be honest).
Hence long post but main point being here's hoping for some form of update at end of October (good or bad) because if not and nothing material crystallises by year end, the share price reaction will be far worse because pis will be assuming the gap in communication was merely a time delay tactic.
So conclusion imho, not long to wait and we are in this boat regardless anyway as there don't seem too many alternatives available if this doesn't work this time but hopefully we will know our 'fate' soon.
All imho of course and as ever dyor.