They MUST deliver now. No more excuses. No more delays The market has zero confidence in the bod. The SP is where it is 100% due to the lack of trust in the bod and their ability to deliver and be honest with the market and their shareholders.
They have torpedoed the SP with their own actions multiple times in the last couple of years, pretty much since the Shell off-take agreement was announced. Although that was when covid hit the world, every single time the SP has gained any traction since then, they have said/done something to stop it in it's tracks. And that is just in the timeframe of GL and the new regime.
Its unacceptable that the company has not updated the shareholders about gas flows. GL incompetence and failures are never ending. Put out RNS now and make matters crystal clear. there is no excuse for failure at this late stage.
The only threat to the share price has been the BOD and BOD only. BOD is consistent in negligence, incompetence and confetti and deadlines are never met. Not even a tweet so far about state of affairs.
RE: IMHO 3p once first gas next week and 5p production17 Jun 2022 09:24
Frankly I expect more than 5 pence assuming production starts and flow rates of maximum 10mmcf are achieved as anticipated by the company. 5 pence values the company at £100 million where 100% of SFB is worth at least 3 more than that with gas prices where they are are meant to stay for the next few years.
Croqman- Very sensible post . Could not agree more "Angus need to deliver on something, it is almost as if they are in cahoots with the opposition, and have been for many years as things stand." It does feel that dawn is breaking and we will witness golden sunshine but the share price so far does not believe the story due to awful credibility of the BOD.
SL- the current share price reflects GL failures and a massive credibility gap . Normally, as you point out, the gas alone is worth over £100 million market cap. delivery dates for gas keep getting extended and its disgraceful that the likes of GL continue to fail. GL should come out with a firm date for this month . If he does not know that now, its embarrassing to put it mildly.