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892 Posts.
101
03/08/15
10:00
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Hi Harken,
Thought I'd reply to you as others have gone quiet here - Bitzer, Rizzla & Basil, where are you??
Class action is silly talk but I understand your need to vent your frustration somehow.
Delist? Not while management do what they have to do, which is drop exploration licences to preserve cash & focus on the only proven asset!
We've had:
American shale revolution
Saudi's maintaining output
Weaker world economy
Oil price tanks
Gas follows (US$7.60 spot into Japan July 2015)
Majors/mid tiers reduce capex/exploration costs - job losses & profit downgrades
All of above in last 12 months!
I'm not so sure CMT management is to blame.
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