Not necessarily so, They may know that nothing is going to happen soon. I don't think Addix would have contracted for four wells if the proposed buyout could have been made on less data. JDZ contract says that block 2 and 3 will have one test well drilled by next summer and block 4 will have two. Why drill two more at $600,000 per day unless they are proof of concept. I think where they drill the last two wells will be very informative. Has anyone seen anything about the location of the last two wells? Kina South?
Who would these large shareholders go to for inside info? I don't see them any closer to ongoing events than us small fry.
IMO EO is the only decision maker, he controls mgt as they are all his appointed people, and they aren't telling anybody without his approval. Why would he tell anyone else what is going on? He doesn't need anyone else for any kind of assistance in doing whatever he wants to do.
We wait to hear what he wants to happen and til then nothing but rumors and conjecture. Can't see getting riled up now over SP (luckily I don't have to sell) when events unfolding by the end of the quarter will most likely make all this worry for naught.
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