Well said.
A lot of people take the negatives too personally and as an attack on their investment. Ground floor information is invaluable, the info just needs to be filtered and then take what you need from it. Most companies will only tell you what they need to as a minimum, or over accentuate the positives to make it better than it really is... that's the nature of business.
Many have known what's happening out at RB (questionable business practices) and a few on this thread have been naïve and uptight when it has been questioned. It's only natural I guess, as that's not what people want to hear... Those people definitely wouldn't have wanted to go out to site and hear what was being said out there.....
I'm appalled and saddened for the holders of this stock, it's shameful. Also, for the contracting companies that are owed millions of dollars for their hard work. I wonder if RCS is all paid up? I reckon I could have a good guess... I hope this is investigated appropriately.
Someone said to me the other day about humility.... Where's the humility from WDR who just sent everyone on buses back to Darwin and are jobless now??
How was RB ever to make money under the current circumstances when they can't make a profit with hedging of $120t. Let alone with IO price sub $90
All will come out of the woodwork very soon I guess.
Good luck everybody, deeply sorry for those involved in this mess.
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