Frustrating30 Jun 2022 21:54
Some of the people on this board are frustrating. Don't you understand that Tullow almost went BUST?? And you are complaining about how the share price isn't being ramped by the BoD?
We have to have low hedges as it was required to SAVE Tullow. We have NO evidence of how much money is being made until the half yearly results where, at this moment, we are heavily in debt.
Rahul and co. have announced a merger that is beneficial to Tullow and yet you all complain and expect it to happen straight away when it CLEARLY states it has to be approved by Capricorn but because you are either full of your conspiracy theories then there must be something else going on.
I believe that the advice with shares is that you have to be prepared to lose money, not invest more than you can afford to lose and be prepared to wait until you get value (waiting means up to years). It does not mean to expect the board to ramp, to release RNS that are intentionally false just so you can earn a quick buck. This is a business, a company. That, once again, almost went BUST. When the half year results are released then the market and investors understand which way the company is going with debt and cash flow. This share won't increase crazily until the debt is more manageable, the hedges are reduced and proof that the company is making money.
Plus Kenya, have you ever worked at negotiating with countries? Especially in Africa/S. America. It take a long time to negotiate and sign contracts.. that's to even say also negotiating with a partner isn't straightforward.
Rahul is doing well in my eyes, has the right attitude and realistic in his announcements.
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