Just stop the conspiracy Theories!8 Nov 2025 06:32
Setanta, why do you keep pushing the theory the company is manipulating the share price down?
It is unhelpful and totally illogical. Why on earth would the largest shareholders want to minimize their return???
Granted, the development of Paradox has been glacially slow and news on progress abysmal. Not everything is entirely in the company's hands . They can't tie into the gas network without the agreement of those that own it. The deal has to work for both parties.
It may be that the management are out of their depth so thank the Lord for Sproule on whom we can rely. Their assessment is conservative at every level and yet their as is valuation is way ahead of current market valuation. Just hold that thought . As for the current SP horror, well sadly it seems their has been a large forced seller and the commensurate over hang which is clearly difficult to shift in the current market.
So where are we? Certainly the board have produced a gulf between frothy hype and delivery and mismanaged timings but we do nonetheless have.a very valuable asset that will be sold OR developed. Don't forget the financial support given by PM recently. They are not stupid!
Take a deep breath and trust that the muddlers will finally muddle through