RE: Who is this Fool Stock Maiden?12 Oct 2025 17:29
Whoops - wrote this earlier on my phone. Hence the typos. Try again;
" And much of the 160m USD of spending which SM bangs on about was before Buck's time as the CEO.
RR was according to the CEO who took over in 2924 a " burning platform " which nearly had to be nationalised during COVID. Nobody talks about its record prior to 2023 now though do they ? That's because recovery plays are one of the best stock market strategies for those capable of looking forwards, and of predicting future revenue growth due to changed fundamentals. The dimmer ones though just obsess about past performance which has now become irrelevant."
Furion ; sorry, I must have misinterpreted what you were saying about SM's comments.
SM is mentally locked in the past, and his mind can't move on. A classic one is him/her talking about the company having spent $160m to arrive where it is now, even though Mike Buck has only been responsible for a portion of that spend, and unlike his predecessor, he has got two wells producing, with more to come.
And notice how the hardcore negs never ever mention the renewables side of the business, because they haven't got a clue what it is about, or how much revenue it can generate. Moving into this area will turn out to be a masterstroke - the 4 RTB projects in the pipeline are worth $90 to $180m to be spilt with Sunsteppe.