Bouncer- didn't subscribe to what you refer to "truce"- this is a discussion board and if you visit it, by definition it means you want to comment, read, observe etc. etc. Back in early August you you re-appeared on this board and suggested that we would not see the share price below 0.15 and the last of the placing shares from May had been or were to be cleared, a few weeks later we had another placing, obviously people can read into those comments whatever they like. Regarding your reference to the heading, been waiting for a "thumbs up" for a few years, however the reality has been it's been a thumbs down so far month after month, week after week. Lets hope there is some actual substance from your optimistic header.
Sandy: In my opinion, It is always advisable to take some action before approaching a cliff edge, the chances of salvaging much of life and limbs are greatly diminished if you go over it. But alas we don't have a BoD embedded with risk assessment culture nor time management skills.
I asked the same question a month or so back, and 2P responded with a AP quote from the following presentation saying the usual date expected, however there is always the likely scenario that AP quietly forgets what he said previously. https://www.youtube.com/watch?v=9QCCCpOCo1g I think its 11 mins plus.
Do sane people really believe this share has been talked down to this level, and it has nothing to do with continuous dilution and inept and untrustworthy management? Assets are arguably the best, although the lack of publication of the SRK report is beginning to cast a shadow of doubt, none the less I expect them to be good. the fact remains that in my opinion It has been a complete failure of the Bod that has led to this diabolical share price.
Lee- everyone invested is on the basis of assets although they need to be verified, which if they can by publishing the SRK report which in turn was expected by the market in June. The real issue is Management and a big question mark over their ability to realise the assets for the benefit of shareholders, that is the reason the price is decimated to these shocking levels.
Lee and Cast, if you have any channels of communication with AP and you genuinely hold shareholders interest, than rather than repeating the same stuff every 6 months you need to relate to the CEO that he needs to put a clear and simple statement of where the company is with regards to financing and each project, the same bs will no longer fool the market. It is in urgent need of honest appraisal and progress report.
Some people are completely missing the point here, once the debt is cleared, the company will be moving into a new direction, "they will have sufficient resources to progress with other opportunities"." As part of a wider restructuring, the Company continues to evaluate new opportunities and to review its strategy with regards to the drilling business in Trinidad and interests in the oil and gas project in Indonesia." There is a lot going on in the background, interesting to see how the story unfolds now.
Kings- totally agree, perhaps shareholders need to come together with a single strategy with some verifiable holding to seek some clarity- I think Fantasy said he was working on some strategy, lets see if can gather some impetus- can't go as last 12 months, surely something needs to change.
Kings- Try firstname.lastname@example.org he is the PR guy employed for investor relations, not earning his corn so far. he has responded once before to me few months back obviously with a usual ' we are working hard' meaningless rant. But they need to know that there is wide spread concern amongst the shareholders.
I would suggest emailing the company to provide an update on financing. Shareholders need to put some pressure to let bod know that they are there to manage and not let things happen. There is a PR guy specifically employed for investor relations, putting out a picture on a twitter once a while is not a good use of however much fees he gets paid.
Mufc, agree it's been a disaster, but there has been a complete clear out of the board from Laundau days. I know I lost a considerable amount of money from those. This board is at least persevering and it might be that they can salvage something and even pull a rabbit out. Which you as a long temer should be applauding.