Since the legal fight started by Kosmos over block 4 with ERHE started, the corporate leaders and large institutional investors have "Dumped" or Sold off 346 million plus shares of Kosmos to an unsuspecting public.
This sell off could be a result of High Long Term Financial Obligations, Sky Rocketing development cost of current and future operational accounts, Lackluster performance of current operations, legal fees related to asset acquisitions as well as fluctuations in hydrocarbon pricing.
In any event, presently, Kosmos seems to have bitten off responsibility than they can currently handle.
Could the share price test the 52 week low?
That may entirely depend on their commitment to divest some assets and raise capital in order to make current and future operations more profitable, including fights and legal issues that do not seem to be in their best interest going forward and focusing in on operational issues.
Please conduct your own research in case I am Mistaken.
Sneak-attack
