RE: Questions?5 Sep 2018 20:37
I think your post was actually quite accurate (not regarding Seadog, I think his efforts are very valued). I also didn’t like your attempt at the cross ramp, you failed to mention the 70% didn’t reach the heights it reached earlier in the year!
Regarding Nuog, as people saw from my post yesterday my patience is down to a thread. I appreciate these things take time but it’s the arrogance Alan is displaying which is really bothering me, why aren’t the market being told of developments if they are progressing as we expect? I really don’t get it, surely they must have material news to share (offer being submitted, finance being in place, negotiations nearing completion, initial offer rejected but second offer made etc etc (to be clear I’m not aware of anything you guys don’t know, just thinking of examples)).
Alan took no notice of the fall this week, he did nothing to protect lth’s and nothing to protect the SP. I’m aware Simon is busy contacting PI’s on a 1-2-1 basis but nothing to communicate to the wider market. When will he learn?
I/ we/‘the market’ need some clear communication from Alan regarding the state of play now, not when he decides he needs some more cash! I’m not talking about a poorly written chairman’s statement, I’m talking about material news with detail!
An EGM is not the right move but we need to do something to show we don’t agree with the way he is running the company currently.