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It looks as though the bod are still enjoying a Christmas holiday period, to busy munching mince pies to get back working! A dropping sp in oz and over here with no project start date, no communication, the bod really are poor!
But at least we’ll get a copy and paste quarterly report soon!
We’ve got a ppa and funding but we still haven’t put them to good use but we’re still more than happy to collect our pay packets without adding any shareholder value! That’s the quarterly report right there.
Mfm we should definitely have had an operational update by now, the raises that have taken place are very questionable now imo! The funds have not been used to create shareholders any value whatsoever, those funds are being used to keep the management’s wages rolling in every month and we get little in return, those funds have just meant the bod have secured there place on this gravy train for longer!!
There is a real lack of information coming from the bod, we only get information when a quarterly report is due, then half the noise is from Twitter rather than rns form!
When are zizmo planned to start?
When are opti starting?
What the **** are the flow rates? (The bod are still hiding this fact from shareholders)
Why aren’t we drilling more wells to help dewater? (They had funds available last year to have drilled more, so why wasn’t this done)
The information they’ve fed us in the past has been very questionable imo!
I just want to see the bod be proactive and productive and add shareholder value! God we’ve all waited an age for them to sort this **** out, but they drag their heels with everything. So Brad you don’t think that drilling more wells is a good thing to help with dewatering then, even though the company have said this will need to happen?
So we have money in the bank but the bod refuse to use it, why are they not drilling more wells to help with dewatering? We have cash from the dubious find raise we were told was for poles and wires that was a lie, and we have a drill rig sat idle ( a bit like our bod are sat idle) that we could utilise!
No shareholder value added in years!!!
Back down into the 4’s this week
Wonder how much this will go down today?
After years of struggle and nothingness, we are in a position to crack on but this bod would rather just sit on their hands and do absolutely jack **** than try and advance this project!!!! Where is the plan going forward?
They had all of last year to get everything in place and ready to start but we find ourselves still waiting for them to pull their fingers out of there ass, all the while burning through cash while doing sod all!!!
Get a move on you useless, money grabbing lifestyle company!!!
Back down she goes, time to sell is now
The question is how far the mms mark this down in the morning. Defo going to be dropped tomorrow and Tuesday and Wednesday
Well your wrong on that front Moagi, if we get to the end of this year and not much has changed then the blame lies directly at the feet of our own bod, they have everything in place to crack on at a fair pace after years of struggle! NO ONE ELSE TO BLAME BUT THEMSELVES! Time will tell!
I just find I’m constantly disappointed with the bod, after the length of time it took to get the ppa and funding the bod could have made a big statement by starting the year off with an rns stating boots on the ground and a road map going forward, gas flows etc but here we are still in limbo!
Even when we’ve got everything in place we need the bod still decide to move at a snails pace! I really hope they can move forward in leaps and bounds this year but have major reservations regarding the slow pace of everything! You can’t even blame the bots government any more, it’s all on the bod now!
That’s funny but you would think with all the planning time the bod have had, I would have hoped they would have been more organised to set off at a pace or at the very least have a detailed plan of action which they would relay to shareholders! Not much to ask really after all they have had 2+ years to sort out!!!
Anyone else a little disappointed that since the funding announcement we’ve heard nothing?
I thought once funding was announced we would have a flurry of rns on such things as a field update, detailed work plan going forward, boots on the ground! But in true tlou management style they stay deadly silent on all things!