RE:RE:Sonoro Annual MeetingCould not agree more. There have been many shareholders that have been here for 4+ yrs with little to show for it other then some additional grey hairs from waiting with little updates. Seems managment is finally trying to take some control and commission the reserves, by let's not stop there. It's time for management to finally repay many of their shareholders dedecation to the company. Let's finally get the reserves done and out to the market, get a buyout, or even a shake up at the top of management so we can finally be rewarded.
As stated before 1 of 2 things better happen to repay shareholders commitment:
1. A full corporate buyout in which we receive Xcents a share for Selat block and we all collect a nice little pay day, and put an end to all this waiting.
OR
2. a little more creative option where SNV sell the underlying asset of Selat to a 3rd party. They then take this Xcents a share they'd receive from selling the asset and issue a special dividend to shareholders at a percentage of the funds received. With the residual millions they would have in the bank account, they would then pursue a reinstatement of Budong under the reinstated cost recovery PSC option which was reinstated this summer and bring budong into production.
It's time to finally act and reward your shareholders management, this could finally be the time after little to no progression with menara as a partner this last year.