Evidently a cyclon delayed work. The wording was news to be release in a few days (this was last week). However unless something comes out today then it obviously wasn't an accurate statement.
Its hard to say with this company. The news flow has been awful whilst the shareprice has more then halved.
What of the Morton Bay project?, seemingly rejected at a general meeting but no otherword.
Very frustrating & unprofessional.
If there is great flow rates from Gavelston and the market can see a tangible income stream then the SP it could double easily (imo).
But then again I don't have a lot of confidence.
The directors have sunk a fair bit of cash into the company though.
I'll be looking for an exit when I can, management is too unreliable. That being said, personally I think there is some profit to be made at current levels, just not for me!.
KOG Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
