Member Info for Fevertreeman

Share price moved 9.64% to 4.91p.....fast forward 7/8 months, and ?

Seems that way. I think Harry has cried wolf or 'Money's due in the bank shortly' so many many times that the market no longer trusts him, and is now looking beyond the funding as to whehter even with cash in bank he can actually build and get up and runnig a major infrastructure project in the third world on time and on budget.......I know what I think

I mean wtf is happening? The financial flacks have clearly either dispose of our vaunted chief executive, cut his tongue, removed his access to communications devices or thrown him in a cell. Frankly outrageous that we still dont have a clue what the strategy is after he has been there for close to 6 months. A competent CEO would have got things moving in the first 100 days. What has this clown been doing beyond cancelling paper clips

Checks directors dealing for last 12 months , not a single purchased share but there was the outrageous grant of optionsd last week with no hurdle rate

Excellent - your motto when playing Hold 'em High? I am merely quietly amused by a lot of flaring of nostrils here as the end of the quarter approaches. Would love for the sp to go to the moon, but somehow think the Wizard of Auz will contrive to come up with another excuse not to have the finance he has been promising in place.

who thinks that The Greek's next announcement re. 'closing of funding' just kicks the rusting, battered can down the road again. This guy has more excuses in his back pocket than a Tesla mechanic

Staying calm is the order of the day. The idea that this is worth close to zero is utter craziness but a line the Board of Directors seem to have front-run and embraced wholeheartedly.

Sadly I think that's exactly what the Board want.....s/o else to preside over the utter smoking shamble that they have created

What we need is Crystal Amber to force change

that aint going to happen - this board is not going to show leadership in backing the management or business

and suffered the consequences of lousy stewardship. In this case none of them have suffered financially as CA acidly pointed out they have barely any financial alignment with s/holders so any deicsions they take do not impact their wallets. Utterly despicable

Incredible to think that after all this time we have yet to have any credible strategy laid out by Maris. The charges levelled against the board by Crystal Amber have such a strong ring of authenticity. Shameful how McTiernan and the rest of them have destroyed confidence in this as an investment, even with 12000 barrels a day pumping cash into the bank account.

totally agree. A staggering piece of panicked decision-making by a board whose credibility is shot to pieces.

No evidence to back your hunch sadly, though I would love you to be right.

This could be Harvard Business School study in failure of governance:

No governance; no leadership ; no vision; no strategy; no communications and utter contempt for shareholders

We are in a very unusual situation where CA are actually likely to get overwhelming support form shareholders who have given up on this supine board.

5. The governance of the company continues to be absolutely appalling. As CA point out the bond isnt due for repayment for 15 months even assuming that their b/holders don't agree on a roll-over on better terms etc....

The Board genuinely seem to want to wash their hands of their responsibilities to the shareholders and their staff. That we are at the point where with cash rolling in, and decent acreage, the Board has itself engineered the prospect of this failing as a going concern because of their actions and inactions should raise serious alarm bells with all stakeholders. It is verging on serious negligence that they have led this negative narrative and we now face monte carol or bust on the CPR. They do not seem to understand their roles in a listed company. I suspect also that given the wholesale failure as a board that litigation could be in prospect

Well, so far all the evidence speaks to a board frozen like rabbits in headlights. CA is absolutely correct to raise these points. 1. The Board's decisions have been overwhelmingly terrible: they have not backed their positions with sp support in form of shares so barely aligned with shareholders
2. Maris has not unveiled anything meaningful in terms of a strategy so he seems to be a caretaker, not a CEO
3. the last announcement about not pursuing sidetrack etc because of weather window contained no statement from the CEO which is highly unusual - he is clearly not in charge
4. The obstructionism that CA has encountered has a distinct ring of truth

Couldn't agree more - he couldn't catch a bus on time if his life depended on it. Like you I anticipate some hitches that will push this out another 3 months with possibility that he comes cap in hand yet again to s/holders to dilute everyonel for the umpteenth time

If it goes to double figures I may get divorced :)