Dear fellow shareholders,with only 3 days to the AGM the stock hits a sp low only seen before in the 3 trading weeks in March/April 2010 following the infamous BP Migas announcement and prior to that only in the 4 trading months of the GFC in Dec08 to Mar09.That being correct, either the current sells bought in those times or they are selling at a loss. According to the shareholders listing you only need 4million shares in EWC to be in the top 20 holders,so daily volumes would suggest the probablity that the sells are in the top 20. The current sp is almost a 1/3 of the sp high 8 months ago and only a 1/4 ie.25% of the sp at the last public offering in 2008, astounding!I tried to contact Stewart, but I was told he was too busy out painting white circles on the ground to photogragh to show the AMG, so I said what about Brian? Sorry he's too busy uploading the latest messages on his phone regarding PNG and Sengkang developements to show the AMG. Will anyone talk to me?!!Well they would love to be there is a infomation blackout due to the pending HongKong listing, but thankyou for calling Mr Mushroom,any further enquiries please visit our website.Upon reflection I thought was I Mr Mushroom or Mr Wayne Kerr (say it loud&fast) ,that's how I felt in my frustration.
More sincerely I hope this AGM brings the common shareholder some better news and not some patronising waffle. I still do believe this company has the possibility and the probability of a great future.
In the mean time checkout Mon 19th in business www.postcourier.com.pg Interoil welcomes Govt.approval
"decsion clears the way to proceed" "intial output of a minimum 3.8 mtpa" "to be used in part for domestic power generation" Which company ticks the right boxes?
Cheers Doc.
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