and there is not a thing the shareholders, regulators, federal police , MPs, ISIS, interpol or the mafia can do to stop such a Company doing exactly what it has been doing for the last xxx years until there is no money in the till.
the real proof in this concept will be if GBP can acquire anything during this time of extreme distress in the oil industry before it then recovers - if they do not, then clearly the "extremely selective criteria" can never deliver a decent project in which shareholder wealth can be increased.
So time is now running out for management, but i wonder if that really matters to them.
GBP Price at posting:
3.0¢ Sentiment: None Disclosure: Not Held