Tend not to read Chairmans messages nowadays, - Tire of the Touchy Feely Political fluff they generally entail.
But here is a thought provoking passage from Messr Stubbs to throw at my question of the timing of DGRs "end game".
Still evaluating the full intent and reality of it, but its one of the more shareholder inclusive comments Ive seen from DGR in some time.
Interesting that they are touting not only an Auburn listing (due early on in 2019), but also the listing of the Kanywataba Ugandan oil play. That would seem to be an ambitous call, and will certainly be dependant on the 2D seismic results undertaken over the next 11 months.
But he didn't stop there, Messr stubbs also suggests that the aim for the next 12 to 24 months is to add further projects and investments to the DGR stable.
Maybe the "end game" is closer than I think, but 12 to 24 months easily blows out to 24 to 48 months in this game.
its no secret I have re weighted my portfolio at DGRs expense, that is based on my initial investment plan reaching maturity, and the constant reassessment of the same.
My intention is to continue to maintain an interest in DGR, and, "as and when", I see stage 5 of the business model achieved, will start to build my holding again.
This will take a continuous de-risking of DGR repeating the modus operandi I have observed to date.
Maybe the comment below from Messr Stubbs is indication that the first steps on a long road are being taken.
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