Ever optimistic but news massively overdue.25 Mar 2022 16:11
I have been invested here for years all the way back to Rose days, so I don’t think I am impatient by nature.
But,
On the 8th of Dec we were told the CPR would take up to 60 days to complete, that was 107 days ago. How can someone who is writing a “competent person report” be so incompetent with their timeframe estimates? Are we being told the truth here?
Also, on the 8th we were told at $65 a barrel for oil the well would have paid for itself in 7 months. We are now 3.5 months along and for most of that time, oil has averaged over $100 a barrel. We must me very close to having the well paid for, if everything is going to plan with daily production rates? Which it must be as they have not updated the market since the 8 Dec with revised production numbers.
I am however starting to feel like a mushroom, the only good thing is that the CEO unlike so many in this game, has a large wad of cash in the company.
Ever optimistic but news massively overdue.