Originally posted by Kiwiboy00
Thats crap David in saying that, maybe if management were not so corrupt and Slimy did what they were paid to do in the interest of the company & shareholders and not line their pockets through corruption and smoking mirrors it might not be so risky. Not all ASX companies are like PRL. The blame is on someone else thats DC & CO, get off your pedestal David handing down unfair judgment on burnt SH. Reading your reply to Fast&Furious just makes me think how much your sounding like DC. LTH of PRL deserve to be treated with respect from management and even more so by other SH. Fast if your listing buddy i hope you break even 2c come Christmas.
Cheers
kiwi
Spot on Kiwi,these clowns spun us some real crap over the Uruguay making campaign,not one but four wells which were a given.Sucked us in with spin and several CR's and only partly achieved an off target result on well 1, $20 million dollars later and a mysterious fault problem part of way into well 2,we decide to retreat and surrender majority share in the Uruguay project to the dubious partner Schuepbach (who still remain a mystery on completing at least well 2,let alone well 3&4 )
DC has the nerve of blaming shareholders for lack of support $$ on CR moving forward -after their abysmal performance with Uruguay and reducing SP from 4c to 0.01c in about18months , WTF.
The four well spin put out there by DC and Co originally greatly reduced the risk factor in the Uruguay project and make it appear so much more attractive an investment to us suckers.
DC sat on $450k a year and finally graciously took a swag of shares in loo of pay when he and board sucked the coffers dry. and brought the company to its knees.
What gets me is the fact that until this day shareholders have never been given a true explanation of the events in Uruguay,no explanation of the blowout $$ spend ( from $4m to $20m for no result)and no actual information on true picture of future of well 3 and 4.
We need to accept the reaming we received in Uruguay,forget the total mess the board achieved there and be happy to move forward under new management with new glorious projects which DC supposedly achieved.(That will not help retrieve his previous "lauding" levels David alluded to).
We,the shareholders hopefully can retrieve our stolen investment hard earned under new management with Spain & Perth Basin.and put the DC and board mismanagement behind us.
David,if you are DC,thanks for nothing but please at least give us closure for our lost "options".I, like many other sharehoders won't forget you,retirement would be best option for you and everyone else.
RIP Petrel,go Warrago.
(20min delay)
