I would guess lack of cash due to far too many bad decisions over the years.
The terrible twins remain utterly clueless.
Still the buybacks they did is enough to cover share option awards for them which is all they care about.
GP your post of 9.18 made me chuckle. I remember at the time of the Daybreak deal cretins 1 SO stating it was the start of the monetization process ! What a whopper, as a result of their truly abysmal management they have destroyed all lth's.
Need to sack the pair of them & employ my goldfish who couldn't do any worse.
Sorry persimmon but that's always been the case so you'll have to try a bit harder there. Junior oilers will always use a gcos & the bigger boys will use a close, which I think is a little bit over 50% enough to tempt a bigger player in the event of success. The lack of sp traction today is more to do with non belief by the market in the management's abilities.
Well Simon it's not personal but a rant against a pair of crooks who need to be held to account. As a result I will continue to hold them to account until further notice. I want them out as many others do.
You did not attend the last AGM where it became apparent (if not before) of their utter disdain towards their shareholders, they are so up themselves it's frightening.
Well I constantly regret we didn't vote them out last November on the first occasion.
If Heids posts are to be believed then Sattar is still around so maybe there's still a chance.
I.must say I want the 2 ceos out but don't want to see the Company taken over at these prices.
I was hoping we'd paid a bit more tbh but have no idea.
I agree re Beacon, exploration, appraisal & production all wrapped into one. We could have got a decent slice of them with the money we've frittered away on our recent acquisitions.
Mind you it wouldn't surprise me if the 2 slimeballs had never heard of Beacon such is their ineptitude.
Gp I agree with your post of 9.12. One thing I would like to know is that how much of the total cost for the next WN drill has already been paid for by the purchase of the long lead items some time ago I.e. how much more cash will be required ?
I too don't believe we'll be getting a divi. I'm just wondering how our corrupt ceo's will ba able to justify an annual bonus, not that it will stop them from taking one !