I must sound like a broken record on this theme, but we can take our 3.3c, and turn it into 10c, bypassing the manipulation.
If Bara is a duster, then 3.3c 66mc is still cheap for 2000+ bopd.
But the market wont pay it.
Or is the market, the manipulated price by someone trying to make all the impatient jump so that they can buy it out cheaply?
I agree that West L is worth the money from galoc to risk, to bring on second cash cow.
What happens if we have 4000 bopd and still 34m mc? what is wrong with this picture?
We must demand then, and EGM, and a change in business from explorer to Ka ching, send me the proceeds via capital return of cash flows.
Good Business model for shareholders = how to get 3.3c shares valued at 10c.
Failed business model 1 = developed cash flow into failed exploration + big administrative wages.
Re-rate Business model 2 = develop West L, and pay future cash flows as dividends.
Even an announcement of our intention to do this, (with the coviat of West L) would get us re-rated.
Does the market think that Business model 1, will continue to oblivion? Or until someone else takes over NDO and converts to business model 2.
Ask phil what is his plan to get shareholder value to 10c?
OK Bara good might get it a move along, but what if bara duster?
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