RE:RE:Production Numbers for 2nd Q" It would be hard to understand if news release not out by Friday unless there are some issues. " A simple statement that turned out to be highly accurate. There were issues. Don't be so blind.
Longer term (6 months +) today's release means nothing but the sp will be be constrained in the short term based on much higher expectations vs. the 1st q.
That said, 1st q results still allowed for a $15M addition to cash and payoff of a $5M loan. Clearly, the 2nd q results were better than the 1st... just not what was expected.
KNT reference to "many exploration updates nearterm" provides a potential nearterm catalyst along with the August eps being "good" (vs. 1st q) but not 'great' as many of us were expecting.
" Management has done a great job of developing K92, but companies are not in complete control of all variables...". I do not blame management for the 2nd q occurrences, I simply state ther facts... there were issues but I expect things to get better after a pullback.