Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
What's really needed is progress on WN to send the sp on an upward trajectory.
I'm with itsawrap I want Rathlin nailed to the wall on any funding deal. They have proved to be even more useless than our 2 fools (if that's possible).
Lenin, the reasons are simple.
1. The 2.chumps are clueless & despite their assertions have no idea of the nuances of oil & das.
2. Lack of any due diligence when making investment decisions.
3. A dreadful sale price for Victory after being told pie In the sky valuations by the 2 liars.
4 A complete screw up by Rathlin when conducting the drills at WN.
5. Purchase of Simwell which no-one else had been interested for years.
6. Disastrous handling of the Daybreak fiasco , highlighting their inability to run the Company.
7. J
Involving us in an Italian project that we seem to have paid way over the top for & has more holes in the prospect than a Swiss cheese.
8. Utter contempt for their shareholders by continuing to insist on joint CEO's who are grossly overpaid.
9. Their willingness to lie at every turn to their shareholders.
Is that good enough ?
JD-Nau I agree with your points which begs the question- Why on earth did we enter into the deal ? MF atone seems to be dodgy to say the least.
S&S's original plan was to aid development for WN which to a large degree has been put on the back-burner while they squander cash on projects which are nowhere near as lucrative.
You would hope S&S are working on an operational update. Question is if they do will it be believable?
They really should provide us with more detail on CS as, to me, there doesn't seem to be a great deal of benefit to us for years. If it actually gets the permits.
That's true Watts. The problem we have is that after their clear victory they'll be even more inclined not to communicate. They know they've been shocking so why would they go out of their way. Indeed, it wouldn't surprise me if SW thought it wasfunny, the smug bustard.
I guess, at the last agm it was prolly 98% 2% split.
Wild west yes but i should have known this was a train wreck coming some time ago. I don't care about KS & co particularly but I honestly believe changes are necessary as do many in both camps.
I don't know why listening to heid gave me some hope for change as its never told the truth.
I wouldn't have minded a much closer vote to give them a wake up call but, as I said earlier, S&S will sail serenely on without much of an attempt to keep sh's informed.
My major worry is that when the balance of the Shell monies are received the majority will be spent in bailing out Rathlin leaving us with very little cash. If that's how it plays out you can forget about any divi (I already have).
Itsawrap, I was there yesterday & was shocked by the outcome me of the vote. It was at that point I realised any attempt to have dialogue with S&S pointless. They have been given carte blanche to carry on being unaccountable & I'm certain that's going to spell disaster for us.