Unfortunately, despite some raving about management and the assets - fact remains:
1) sp has not done anything in three years other than trickle back on low volumes;
2) communication with shareholders has been sporadic, at best (which is ok in good times but not when things are not going according to plan);
3) Moke deal was announced 1 year ago but has clearly stalled (I don't care what spin is being spun about this being part of a bigger play). From personal experience, even multi-billion dollar deals in this sector get done in a matter of months, our little deal is seriously stuck somewhere. Nobody is told why or how or what we can expect (other than the standard "we are working on it"). Even if you don't want to tell us what is going on (which I, reluctantly, can accept), at least put out some estimated completion time (which most likely won't get done because it translates in to that dirty word "accountability").
Needless to say, I am far from optimistic and just hope nobody is coming knocking for cash anytime soon.
Deliver something and proof me wrong - I happily eat my words!
Good luck all.
TNP Price at posting:
0.9¢ Sentiment: None Disclosure: Held
