Long term holders have very good reason to be cynical. Cynicism based on the experience of holding shares in this company for the past 4/5 years. Cynicism based on facts not speculation.
You're right, shareholders are never happy but I think we've got more reason than most. 4.5 years as a company and they've taken the share price from 100p to 20p with one small production deal as the only material asset.
Absolutely. But based on existing discoveries they won't yield anywhere close to the amount of money they raised, will they? Evidenced by the fact that Blackrock and others have sold up at a huge loss.
If the company is run as poorly in the next year as it has for the last three I don't see any reason why it can't go lower but, yeah, let's hope for better days.