The one thing in this ann that is really crook and unfortunately again demonstrates some severe mgmt shortcomings imo is this direct quote from the end of the ann:
"The 2D seismic program which was expected to start in May has been delayed by the contractor’s other commitments and the Company has been advised that the contractor now expects to be on site in late July."
RU Serious? Being informed now of a long delay to a program which was supposed to start last month? So much for continuous disclosure...
A 3 month delay because the contractor wasn't signed up properly? How much is this going to cost us in delays? The seismic was meant to fine tune drilling targets?
Imo this is simply unacceptable.
What are the alternatives? What is mgmt doing?
This thing is still going to go gangbusters but imagine if we had good mgmt?
The one thing in this ann that is really crook and unfortunately...
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