Here are some more objective facts about what ID has failed to deliver - except for the first point (which was just about complete at the time of presenting at the Good Oil Conference last year).
How can a CEO that failed to achieve each of the above deadlines not have anything to answer for?
Worse still, how can he think that the market is not interested in any of the above.
I've presented at Board meetings, and generally Board members are pretty savvy.
ID should show shareholders the same respect that he would give a Board member, and update us with why these deadlines are continuously slipping. There is obviously a reason - why can't it be shared.
The only thing that would explain this and forgive all was if ID was pulling off some acquisition - he did mention 4 weeks ago that they were looking for assets (but I got the feel this was part of his spruiking, much like the supposed 425 wells with project acceleration).
SXY Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held