RE: Recovery26 Feb 2020 02:44
I only skip through this BB now and again . Hardly worth reading and not worth posting . Many of the valued long term posters also seem to have disappeared .
Coping with the timescales here ; the crazy share price gyrations , the drill disappointments , the relentless CR`s , culminating in the eye watering shares issue and now it seems a touch of `manipulation` is bad enough , but , all that is manageable IF you still believe . ~ BUT ~
Coping with the destruction of what was once a friendly , informative BB where industry knowledgeable posters were happy to share their information is much less palatable .
The unintelligible Irrelevant drivel from that Creepy Crawly of Croydon and the spivery double speak from the secondhand Harrow wheel barrow salesman , plus some nondescript opportunistic new comers have , imo , ruined this BB . Unfortunate and very sad .
All have contributed to suspicion and sentiment destruction in the Company .
However as a consequence of his management DW must accept a large portion of culpability for the malaise that currently surrounds the Company .
Many have indicated that they intend to `Top Slice` at the first sign of success . This suggests that many are both nervous , disillusioned and probably overexposed .
The lack of very little positive news commentary has not helped . Surely after all the negative criticism DW has received in the past , he could have performed a little better as we approach this particular `Spud` . On the other hand , this is PMO`s drill , and I wonder if it is they , who are managing both press release and more importantly tightly controlling enthusiasm because ; if Charlie is a huge success they will most likely wish to close their options on B and C , and , not at some wildly inflated price . My `Spider Senses` tingling , I wonder if it is PMO that is behind what appears to be a suppression of enthusiasm and the controlled management of the SP .
The last CR was probably the last straw , there has effectively been no recovery and huge criticism of this `unsolicited offer`. Very poor judgement there by DW , imo .
At the moment all this probably presents as a negative investment proposition , I`m not sure if there will be any FOMO and it seems to me that we will have to wait for the finalised drill results in April (probably another reason why people are not rushing to buy .)
Despite my disappointment I will continue to hold until then because :
!. I believe that Charlie WILL prove to be a commercial success .
2. As `smokin `correctly posted earlier : "Managing Director Dave Wall has signaled in the past that the sale process for the asset — on success — will start pretty much straight away."
IF ~ DW `s management on these issues fails , I`ll sell . I trust he will be as good as his word .
IF ~ DW wins , I will wait to see how the other projects work out .
As I mentioned a few months ago , this is the `Last Chance Saloon` for me here , and I suspect for quite a few others .