The company has all but been destroyed already.
They have nothing in the war chest to get the sp up short term.
The dilution to go drilling holes at this sp is a very large problem.
If they are very serious I would rather they pulled the trigger and had a complete clean out.
At the end of the day OHD drove the sp to its highs and management dropped that ball completely and wandered out in to the jungle of Guyana on a whim. Would have been a masterstroke if they found anything commercial but when you are greenfields exploration what's below the ground is not always what you think is there.
I still believe that a concentrated effort on OHD, that they know works, would have been a better strategy and more likely to increase shareholder wealth.
Its a long road back now though. DB
GPP Price at posting:
0.5¢ Sentiment: None Disclosure: Held
