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17/05/19
18:52
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Originally posted by possum2:
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mrwalker, I agree with you that it's good that the company is providing an opportunity for shareholders to air their views and ask what questions they would like answered. I am always happy for directors to put themselves in the front line happy to answer questions to shareholders. But from where I am sitting they are doing it knowing full well that they already have ready made excuses to explain why they are not signing BTA'S. The timing is too convenient because quite simply they know that we know that uncertainty does exist at this point in time with the direction for relationships between the U.S and China and that is obviously impacting negotiations with interested parties. Blind freddy knows that. We all know that the trade war has made things more complicated. But why weren't we signing BTA's 18 months ago when gas prices and oil prices were both on the rise and the talk of trade wars was not an issue. I am sure if asked that question he will have an answer. I remember having discussions with them in Melbourne a few years ago when the oil price was around the 40 dollar mark. They told me if we get the oil price back around the 70 mark they would be sitting pretty. If my memory serves me correctly the oil price did rebound, but still no cigar. I reckon they would be more then happy to put themselves out there and answer any curly questions that might be thrown at them knowing they have the stock standard answers on the uncertainty that exists at the moment. Just like it existed all those years ago back in Melbourne when the oil price crashed. The excuses from questions back then are still ringing in my ears. 18 months ago I posted that if these guys are not capable of getting a deal done perhaps they should hand the reigns over to someone who can. I am pretty sure the trade war was not a major issue back them . One thing is for certain, world economics are forever changing . In 18 months time there will be other issues that will need to be considered. One thing that won't change however is that countries WILL continue to need gas . That's a given. So those currently running our company have to have the ability to sell that message to prospective clients and get them to sign on the dotted line.. If you can't do that then the obvious question is what are you doing here. No one is saying it's easy, but when you are earning the big bucks there is a certain amount of responsibility that goes with it to get the job done. Cheers mate.
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thanks possum. One of the best posts today. Like the last part especially. Maybe the new strategy is someone else’s responsibility. Because for me that China strategy was a dead end street so now to say well this didn’t work now we try our luck in Europe sounds pretty poor and should have serious consequences