Cash Box7 Sep 2023 15:15
Imo, this cash box loophole should be closed and a proposal to remove the option should be put forward at next AGM. It is underhand and deceitful.
While many are congratulating Lorna for good business, I think they should remember her words were "opportunistic moment". It was 10.4p when she said it and as I suspect this double drill was planned at that time, I would say that while I agree that it is a good plan, the implementation and timing was extremely poor and has cost many of us dearly.
They had to know at that time, because they will have ordered long lead items for both wells at once, so being the case that in itself was deceitful. If they haven't ordered them then it could be seen as an after thought and therefore poor planning. Either way I'm not impressed
Either she was naΓ―ve, (quite possibly) or as I suspect, badly advised. Done at the time, this could have been got away at 9p maybe at worst 8p and that is a big difference to where we are now and where we maybe come spud date.