RE: Betterupthandown20 May 2020 12:56
the BOD here appear to have lost credibility due to past performance. The result has been severe culling of the share price to the point where it has been firmly thrown into OVERKILL territory. Fair value of the company should be 100% higher from here as per GL ,without taking into consideration any value restoration.
This is where the big difference of opinion is. Old burnt investors are not willing to give the company a second chance and refuse to review the investment potential/rewards while the new ones are seeing this as grossly undervalued stock and looking forward to huge potential profits from recovery .
In summary, should the BOD come good on their fully disclosed objectives and in timescales , the share price will re-rate and most likely explode. the gas off take agreement is imminent. The fresh/revised applications on the oil front are only a few weeks away. just like investors should stop viewing their investment with rose tinted glasses it is equally applicable that past investors should stop seeing this with extreme dark shades. I wish all good luck