Clarity needed16 Apr 2024 10:44
I'd invested here in the past and got out.
I kept an eye, and the recent drills had me reinvested.
The latest bit of news seems to be confusing many in here. It looks like we are all actually none the wiser (the derampers are saying it's only 4BOPD, the rampers saying the calcs are much higher).
We need the board to come out and give clarity - so that investors understand the potential (or maybe, lack of).
I've been in a similar situation before with an exploration company. A resource was being talked up big time. The results weren't as expected, yet the chairman was still talking it up. The over time talking about different methods to make it economical. Talking about increasing commodity prices. The reality is a few years later, that resource is basically worthless.
So the board needs to come out and tell investors what the data means and next steps.
Or maybe, all they care about is their guaranteed salary each year.
Hopefully they can help get this SP back up.