It's all my fault.

[ebster123]

I'm glad you took the time to let us know how badly you want the pps to go up, like everybody else; welcome to the club!  There is no point in any real response to this useless exercise in public whining and venting of your understandable frustration and anger, especially given all the previous discussion of the facts and causes;   and I guess you need to take it out on someone, regardless of how rational or justified.

PS:  Have you not been paid salaries for your work?  I think that's very normal, in fact generally necessary!

[/quote]

Getit, once again your passive aggressive comments come out.  These comments are not surprising coming from you based on this and prior posts as well.  Do most people feel MH gets a free pass?  I know oil is down, I know oil stocks are down but I do not need to hear about a transformational deal from the new head Exec only to be down something like 66% from the time of the "transformational deal".  However, I guess he was factual and correct in that statement.  He transformed us from a company worth a fair amount years ago to much much less now.  If I were the CEO or Board I would be in ashamed.  But I may be different from them.  I feel they owe us appreciation and they have delivered no appreciation.  Fairly obvious to me.  BTW, I do not expect or even hope to change your opinion, that is set in stone.  However, look at my posts for the past several years.  I gave PM and MH a lot of room.  But when they did nothing to raise the pps over a fairly long interval then I need them to be accountable.  Honestly, I don't care if we have 12Ts or 50Ts.  If the pps does not appreciate the pps then it is all worthless.  Frustrated, yes you bet and if you and others are not you need to get your head checked.  6 years an nothing of monetary value to show at this point.  Maybe in 1 month or 5 months (doubt it) but still worthless today.  I hope they read SHU and I hope MH reads this post.  If he does, he needs to appreciate the value to shareholders.  Otherwise he should be canned.  MHO.   Have a great day everyone and Gator please stop the passive aggressive comments.

[admin]

The management team has done ABSOLUTELY NOTHING positive for the pps in the past several years.  To hear Sageo say he is looking at $79pps as a buyout being an acceptable out at this point is understandable on his part.  At the same time it is utterly pathetic.  To not hear more desention about management's lack or desire or at least inability to raise pps is pathetic.  There is regular continual pumping about how great things will be in 2022 by several posters.  Honestly, who gives a mules turd!!  Most of us are in at almost double the current pps.  This is a sorry and sad representation  of management's care or concern for long term holders.

This is simply nonsense. The stock price isn't under control of management, let alone their 'desire' or lack of it.

At least Getit pumps with facts and arguments and developments, stuff one can challenge, agree or disagree with, and at least Gator did point out some concrete stuff where he thought management was wanting, and again one can agree or disagree with that, but at least it's the basis of a rational argument.

This "management sucks because the stock price is low" doesn't cut anything. It's just venting of a feeling. It doesn't further any rational discussion.

[Martinistocks]

The management hopefully is doing all that it can to monetize and unlock the value of the assets underground. Let's not argue or whine about that. The SPA Agreement is done, the minority interest is done and if it is a giant we the shareholders should benefit in the future. Mishaps on drilling etc. are part of the business of exploration however, I understand a small company does not have as much choice on its equipment etc., but why would they use inferior drill rigs on something as important and key to the informational development of the assets in E/A?

Management does control the dissemination of information. They do the bare minimums when it comes to everything but the quarterly and annual reports. When shareholders search their joint venture partners releases for shreds of information that really is not shareholder friendly. If it ain't material by the companies definition they are not going to tell their shareholders about it. That makes it appear secretive, deceptive and not forthcoming. Maybe perception but when you are suffering with a low PPS perception means a lot. I think they should bend over backwards and I disagree with whomever said it might seem like pumping. Many companies have releases all the time. Others like Total SA seem to have three a quarter.

Management is a failure with estimating time frames. They should quit doing it. It only hurts. Give a big range and meet it. We have 20 days left to spud ANT 6. If they mess that up they should be telling us a miss now not on January 2. They should tell us 45 days in that drilling is on time and expected to meet schedule. And that should be announced before OSH gives a monthly report for the Australian exchange.

We are invested in our company and they the men and woman of the BOD and management have the high privilege with good pay and benefits to run it. Start delivering the under promise and over deliver.

[Getitrt2]

I'm glad you took the time to let us know how badly you want the pps to go up, like everybody else; welcome to the club!  There is no point in any real response to this useless exercise in public whining and venting of your understandable frustration and anger, especially given all the previous discussion of the facts and causes;   and I guess you need to take it out on someone, regardless of how rational or justified.

PS:  Have you not been paid salaries for your work?  I think that's very normal, in fact generally necessary!

Getit, once again your passive aggressive comments come out.  These comments are not surprising coming from you based on this and prior posts as well.  Do most people feel MH gets a free pass?  I know oil is down, I know oil stocks are down but I do not need to hear about a transformational deal from the new head Exec only to be down something like 66% from the time of the "transformational deal".  However, I guess he was factual and correct in that statement.  He transformed us from a company worth a fair amount years ago to much much less now.  If I were the CEO or Board I would be in ashamed.  But I may be different from them.  I feel they owe us appreciation and they have delivered no appreciation.  Fairly obvious to me.  BTW, I do not expect or even hope to change your opinion, that is set in stone.  However, look at my posts for the past several years.  I gave PM and MH a lot of room.  But when they did nothing to raise the pps over a fairly long interval then I need them to be accountable.  Honestly, I don't care if we have 12Ts or 50Ts.  If the pps does not appreciate the pps then it is all worthless.  Frustrated, yes you bet and if you and others are not you need to get your head checked.  6 years an nothing of monetary value to show at this point.  Maybe in 1 month or 5 months (doubt it) but still worthless today.  I hope they read SHU and I hope MH reads this post.  If he does, he needs to appreciate the value to shareholders.  Otherwise he should be canned.  MHO.   Have a great day everyone and Gator please stop the passive aggressive comments.

[/quote]

Talk about opinions "set in stone"!  LOL!!  MIght as well laugh as cry, I guess, neither will help.

Like I said, no point.  I do see a brighter future on the horizon.  In the meantime, I've been making some mostly elsewhere in the last year.  Hope I don't miss out on the timing on this.

[ebster123]

The management team has done ABSOLUTELY NOTHING positive for the pps in the past several years.  To hear Sageo say he is looking at $79pps as a buyout being an acceptable out at this point is understandable on his part.  At the same time it is utterly pathetic.  To not hear more desention about management's lack or desire or at least inability to raise pps is pathetic.  There is regular continual pumping about how great things will be in 2022 by several posters.  Honestly, who gives a mules turd!!  Most of us are in at almost double the current pps.  This is a sorry and sad representation  of management's care or concern for long term holders.

This is simply nonsense. The stock price isn't under control of management, let alone their 'desire' or lack of it.

At least Getit pumps with facts and arguments and developments, stuff one can challenge, agree or disagree with, and at least Gator did point out some concrete stuff where he thought management was wanting, and again one can agree or disagree with that, but at least it's the basis of a rational argument.

This "management sucks because the stock price is low" doesn't cut anything. It's just venting of a feeling. It doesn't further any rational discussion.

STP, as the admin to thus site I knew my last post would have you yield your keypad to stop the thread soon enough.  Seems the time has come.  However, since you interjected your opinion that "At least Getit pumps with facts and arguments and developments" and "...but at least it's the basis of a rational argument" leave me to believe anyone who demands to hold MH responsible us off base.  Since you gave your opinion I will give mine, I think you are very wrong.  If a member of ship drives the vessel aground the Captain is accountable, if people wire tap the Watergate Hotel the President is accountable, if a car company plays with emissions computer programs in their cars the CEO is accountable.  If you choose not to hold MH accountable for the abismal PPS for years I believe that is a mistake.  If you want "concrete stuff" you got it.  Just look at the PPS.  I can not for the life of me understand why so many step around the elephant in the room.  Our investment is sad drain.  I will quote as I have for years " I BELIEVE IN THE RESOURCE BUT IF MANAGEMENT I AM SUSPECT".  I guess I will wait for your deleting of this post and slapping my hand for not being a stand in line pumper.  I guess I join the ranks of several others who will be castigated and labeled as a short because, how dare I, I expect positive movement in pps not at a snails pase.  Although even snail pace appreciation is far better than we have had.  Want concrete, look at the pps trend over the past.  I am frustrated at IOC PPS but that is paralleled by the complacency by some members here as well.  Equally, many of you are frustrated I continue to expect accountability.  Once again we will disagree.   Enough of my rant to deaf ears and I guess this thread, click...

[admin]

1. Hold management accountable for stuff that is under their control
2. Much isn't under their control, one can argue what, and to which extent and at least one would have a rational discussion from which people could learn new insights, or at least familiarize themselves with different perspectives.
3. One can argue about the things that are under control, how much blame, if any, they can be said to reasonably bare.

Etc. etc.

But this line of the buck stops with Hession simply doesn't lead to any productive discussion. Nobody learns from that, it's just venting of an emotion.

I guess I will wait for your deleting of this post and slapping my hand for not being a stand in line pumper.  I guess I join the ranks of several others who will be castigated and labeled as a short because, how dare I, I expect positive movement in pps not at a snails pase.

I'm defending rational and productive discussion, not management. I haven't castigated anyone as a short, in fact, when someone had, I publicly said that was nonsense.

[sageo]

The management hopefully is doing all that it can to monetize and unlock the value of the assets underground. Let's not argue or whine about that. The SPA Agreement is done, the minority interest is done and if it is a giant we the shareholders should benefit in the future. Mishaps on drilling etc. are part of the business of exploration however, I understand a small company does not have as much choice on its equipment etc., but why would they use inferior drill rigs on something as important and key to the informational development of the assets in E/A? Management does control the dissemination of information. They do the bare minimums when it comes to everything but the quarterly and annual reports. When shareholders search their joint venture partners releases for shreds of information that really is not shareholder friendly. If it ain't material by the companies definition they are not going to tell their shareholders about it. That makes it appear secretive, deceptive and not forthcoming. Maybe perception but when you are suffering with a low PPS perception means a lot. I think they should bend over backwards and I disagree with whomever said it might seem like pumping. Many companies have releases all the time. Others like Total SA seem to have three a quarter. Management is a failure with estimating time frames. They should quit doing it. It only hurts. Give a big range and meet it. We have 20 days left to spud ANT 6. If they mess that up they should be telling us a miss now not on January 2. They should tell us 45 days in that drilling is on time and expected to meet schedule. And that should be announced before OSH gives a monthly report for the Australian exchange. We are invested in our company and they the men and woman of the BOD and management have the high privilege with good pay and benefits to run it. Start delivering the under promise and over deliver.

Martini - Good am. As I re-read your second to last sentence ,some of the words gave me a smile,"the BOD and management have the high priviledge with good pay and benefits to run it " (ioc)  .Since things have been a little slow lately,I got to thinking about western singer Jerry Reed and his 1980 song " She got the Goldmine and I got the Shaft". Right now our shaft looks a little bleak,but with our Total payment someday,the "shaft" should experience a little 'sunshine' . Maybe that old song will cheer everyone up a bit ! Have a good weekend  [.PS...Yes,I know oil and gas prices are still dropping ,but as one of our "good guys" said recently,we should be ever closer to the bottom .]