Lack of interest in the open offer21 Jun 2023 07:50
KEy points:
Lack of communication from the company
Lack of upward sustained share price movement for at least 3 years or more
Lack of info on the gas volumes, pressure and dewatering
Constant missing of timelines
Poor or non existent promotions of company and its offerings to the wider market
Lack of info on costs involved in achieving each stage of the project
No real clear picture of what ultimate aim of the project. Just loosely stated objectives
With many LTH under water why would they invest in a project that has gone backwards in share price value for so long
Although i did part take in the offer, I did have concerns about all the above and I can understand why so many didn't. The fact that they had to send out second prospectus, But this was after the deadline for most of the broker 's had passed, showed how poorly the information was in the first. This really shows that TG and the rest need to up their game! Because there's a big band of unhappy loyal shareholders out there!