In my 25 years of investing in small caps, I have lived through many wells. the history suggests that the delay in news is either very good or very bad. it is rarely due to the lack of honesty or lack of care for the shareholder. its is normally about managing the after effects. If bad, finalise any deals that might be in the wind, if good, prepare the way forward for rapid development by getting the Indian Govt approvals ahead of time. managing the partner is often the critical activity.
it can be a 50/50 call, but is often a 90/10 result (bad/good)
It will be interesting to see where the shareholders end up. GLTAH.
OEX Price at posting:
14.5¢ Sentiment: None Disclosure: Not Held
