Not at all I still think and have always from the time I bought in BELOW these levels that this is a great little company.
I had/have high hopes for it based on the long life of the assets, their locations, the rising POO and particularly Natgas etc etc .
I just dont believe that the current management have the skills to drive this forward. Happens all too often, entrepreneurial types fall into the trap of believing they can run $200m companies - only to find it requires an entirely different skill set.
The most sought after skill tho is realising that when its no longer your personal company (ie a private company)ie when its a public company you need a different discipline to grow to it the next level. Thats when the really smart guys step back.
Proofs in the pudding here. Unfortunately we'll probably get a loss today. Not what anyone would've expected 3 years ago.
So I'm in for the long haul - it just needs a new direction starting at the top. Then maybe we'll see what these assets are really worth. Just a pity it had to come to this.
BTW my posting isnt affecting the SP lol. My guess is with the SP below the placement price we'll see just what the appetite for that 100m shares really is. What chance they suddenly don't want them/cant place them?
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