HP, you've got every right to feel p*ssed off. This co (ARQ) has become woefully sub-par at communicating their operational timetable and their reasons for changing their plans. They seem to disclose snippets in an ad hoc manner through a variety of channels other than the ASX (brokers, roadshow audiences, and individual investors who have matey connections within management) which is pretty cr*ppy behaviour for an entity that seems to be keen to constantly trumpet their arrival to the ranks of the mid-tier O & G companies. It appears they may have 'merger fatigue' and are just too tired to switch on their operational brain. While we probably won't lose our money while they remain on autopilot, I don't think we'll see any performance until the merger is bedded down, ie August.
ARQ Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held