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seems to me if that other company withdrew to go an buy something bigger (then money wasn't an issue) it had more to do with the risk reward profile. economies of scale. that barryroe simply isn't big enough in todays oil environment. and that can't be fixed. however if druid came online then barryroe would be a nice cherry on top. but can't stand on its own.
Thing is it has never really been dealt with openly by the company either. If they came out and said "yes, there is something wrong with barryroe" i think there would be a sense of relief. and confidence would be restored. ie there is a problem lets fix it. but TOR keeps maintaining there is nothing wrong. so for me at least there is a whiff of something amiss. a world class resource and no one wants it? sounds a bit implausible. and sure there could be many valid reasons. maybe TOR just can't cut a deal. but he cut a deal quick enough with Cairn over Druid. Sure maybe it is the oil price. But again Cairn bought into Druid in a heart beat. so things just don't add up. unless there is a curse on barryroe? The Curse of Barryroe... does it exist maybe?? Or the stuff of fiction. All very iffy in my opinion.
Re:Marine Analysis. Indigo22 your article says it all. Well written and well thought out.
Mid-cap miner plan in the making here. I have been invested here for 3yrs+ and followed SAV as it has made aquisitions to add to its portfolio of mining interests. Having researched David Archer's history of building companies into sizeable investments with shareholders interests aligned, together with having spoken to him at several investors events, I am confident of holding a sizeable investment for longer term in ISA + SIPP. The latest aquisition shows forward planning and a serious approach to growing this company into a mid-tier miner.
and that sums up a very complex story in a nutshell. FairPlay
I think he only has to buy half them before August but not sure
The Drummer of Barryroe has gone quiet with agressive rebuttals across boards. Management need to live up with actions soon.
Please could you tell me where the news button is,many thanks
doesn't he have to buy them before august of this year?