I appreciate your effort to structure some points. My responses, in numerical order with yours, to assist with the discussion.
1. The share price is about 1/10 of the issue price. There has been no good news for a long time. The facts stand.
2. Management being dismayed is no defence. They should be utterly devastated. The idea that "much is going on behind the scenes" is pure speculation unless you are an insider. The facts suggest otherwise.
3. "Running the show" - PRL 38 is stalled, nothing has happened for a long time. In the meantime other assets are being abandoned in distress for no consideration. NOTHING. Assets abandoned is a major error of strategy and judgement in the first place.
4. When's the management update coming? All we are seeing is CMT abandoning assets and no news. Quite a lot of time has passed. I believe the sentiment being expressed here is entirely based in the facts disclosed, and is entirely appropriate.
5. I'm not sure whether a conference is the solution.
If there's a stroke of genius coming - fantastic. I'm heartened that someone can see some potential. I'm working with what I've seen to date as a public investor.
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