RE: damned if ya do damned if ya ...30 Jan 2018 15:24
Execs demonstrated a positive attitude when taking up shares under the Placing, one indeed increased his Holding further when the Offer completed.
I am very much in favour of Options based on pre-determined targets, be they a level of NAV, Profitablity etc. The mechanism being used is opaque to say the least, and imo self-appraisals are really not founded on an impartial basis.
An rns before Thursday was to be expected otherwise Andrew Benitz could have faced serious Shareholder criticism were he to have announced current and future prospects at the Oil Capital Conference.
As it is further interrogation of JOG's plans will be sought on Thursday., when as I believe the rns indicates, further money is going to be required to fund the planned explorations. Statoil hold virtually all the cards and maybe their imminent announcement will cast further and better light on activities, prospects and value.
Maybe I am wrong, approaching events will tell!!