Post by
Hanseatic on Nov 27, 2018 3:04pm
Is really everybody just trying to front-run Mimran
I'm following this stock now for some time, but the attitude in this board has always prevented me from takeing a full position. In 2017 everybody here seemed to be convinced that a highly dilutive share issue for Bonfora was around the corner, nobody seemed to believe that exploration would improve the mediocre IRR of the DFS, yet management has delivered. What operational reason is there for the very negative attitude towards management? I understand the frustration about the lack of insider buying, but e.g. Jochen Zeitz, CEO of Puma, the best CEO I ever met never bought one single share in the 5 years (2001 to 2006) when the share rose around 20 fold. So is everybody here just invested because he intends to front-run Mimran and is now surprised that Mimran is not stupid?
Comment by
Hanseatic on Nov 28, 2018 2:35am
Soprano, good to hear a reasonable argument. While POG is nothing to cheer so far, they should get some cost relieve in Q4 due to the lower oil price, i.e.not everything is moving in the wrong direction.