Please don't forget the facts. The well was spud in March. It has been 7 months. The well design was de risked and hence a simple operation. US horizontals are 10 times longer and more complex, yet go from spud to test in 2 months.
these are basics, forget the spin, no spin doctor worth his (or her) salt would try that.
lack of news is never a good sign. The explanations, or lack of, is the best spin RM could come up with.
the board needs new skills, finance, engineering and fraccing skills. RM does not provide the company with sufficient skills. Maybe RM could do the job full time rather than sharing his time with Inpex.
i hold no conspiracy theories.
DYOR, GLTAH.
i expect that sp will recover to 15c soon enough, it's where Magna see the max value.
OEX Price at posting:
7.9¢ Sentiment: None Disclosure: Not Held