for clarification, first email march 2013, "the company doesn't seem too concerned with shareholders interests.
i guess that is evident from the registry, and the fact that the company does little to promote itself to the retail clients."
March 2013: shareprice 13c, market cap $34m, cash $8m, Khnaiguiyah incomplete DFS, Oman scoping study complete
March 2019: shareprice 2c, market cap $14m, cash $14m, Khaniguiyah complete DFS, Oman license approved, finance imminent. multiple new partnerships.
For indicative purposes, the company claimed that the Khnaiuiyah DFS is worth $23m from memory, so take KSA out of the equation and you are left with a 2013EV of $5m versus a 2019EV of $0
i dont see results speaking for themselves yet, and I lack confidence in the strategy of hoping that this will magically change once (insert milestone here).
not sure if i've already used this analogy, apologize if i am repeating myself, but to fellow EPL fans, the difference between Man United under Solskjaer and Mourinho is a powerful reminder of what mismanagement can do with the same set of resources. Tactics - same, players - same, context - same. All it took was a shift in "respect" to turn the most disappointing team in the world with the quietest fans to potential champions of europe with a 12th man in full song.
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