RE: The lack of communication alone8 Feb 2024 08:17
We are due many updates on production figures and the within 30 days business plan is overdue as well their intention to do an open offer raise, independent value of assets etc. We may see one of more of these things today however I don’t think the open offer will be forthcoming when the share price has been driven down to these all time lows by bond holders. At this level it has to be a strong buy for anyone looking in as they’ve got a good chance of at the very least in this trading session a bounce. Perhaps the company has simply decided to hit us with one large turnaround RNS and is lining up their ducks in a row to smash it back. So many things we need to know but primarily they can’t sit on eg production figures they need to be reported to market especially with authorities breathing down their necks they have to do things correctly and to be fair the guy in charge isn’t going to work around it now is he. He’s by the book. Let’s see where we are at by 2pm this afternoon. I still strongly maintain that there’s so much more to this than meets the eye and that a 360 with bonds repriced and a halt on conversions, SL back on board and a new BOD installed as the sweetener is happening along with some kind of we’ve been approached by several JV new partners to rally the original or get them back at table too. The huge amount of oil has in the meantime not evaporated whilst all of these games are being played. IMHO DYOR