Harken - in the interests of possibly generating some discussion on this forum, I offer the following observations:
1. The share price can move back up in an instant on any good news in the future. It went up 22% yesterday on one $200 transaction! All holders have made a loss on paper - some are realizing that loss by selling, others are now seeing potential value with some decent sized volume on the buy side, albeit at 2.2c or less.
2. No one must be more dismayed at the current share price than management & IES who combined own approx. one third of the company. It's in their interests to make something of Pandora - I am sure much is going on behind the scenes which doesn't fit the definition of dithering! Leading a consortium into the Palta license off WA wasn't dithering & neither was leading the bigger players into getting the Pandora gas field in the first place!
3. Upon acquiring Pandora, Cott went from being a junior partner early stage explorer with KPL running the show to a gas field owner - developer & running the show (with Talisman the operator in name only). The onshore 'assets' became secondary to Pandora. The onshore 'assets' were actually only potential assets at the aeromag gravity / seismic stage with drilling costs to look forward to! In light of the current low oil/gas price, Cott farming out part of their interest in these licences in return for free carry on costs would likely be extremely difficult in the near term. So therefore you could argue that in the current environment, these licences are actually a liability needing precious funds to be spent on them. If it comes to acreage or cash - cash trumps. No cash = death - then you will get your delist!!
4. Perhaps the knives now pointing at management should be put back in their sheaths until management make their next update regarding the commercialization prospects or otherwise of Pandora?
5. FLNG is alive & kicking - well at least the conferences are:
http://www.flngworldcongress.com/
I assume CMT attended as they did in 2014.
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