showme post advfn20 Feb 2018 10:45
hit the nail on the head imo. hope he doesn't mind me sharing.
'If I was TK I would keep my shareholders happy with the following:- I sold sugarloaf in a market where many companies of our size failed over a few short months. I returned nearly all the funds back to shareholders. Since then I invested in 3 projects with very limited funds due to returning most back to shareholders. One was a decent percentage interest in California which should worst case break even but more than likely return huge value to shareholders but if not, it won't be a failure. Next was a successful investment of 10% in an Indonesian project that has been a success and valed our investment at several multiples. Finally we have secured a block in China with positive 3d survey and this asset could propel us into mid tier territory with minimal or no dilution. So, I now have inpatient shareholders wanting me to update on projects that are either not under my control or in the process of being developed. The share price has risen more than 10 fold in this last year at its peak. That is still not good enough. I should maybe promise the world, dilute them to hell and blame everyone else but myself.......like most small oil and gas companies on AIM.......Or maybe they should reflect on what opportunities we have, stop bloody moaning and give me 12 months to deliver.'