Shares have fallen 20% in a week and all it would take is a press release to stem the blood bath. That is a pure sign that management cares little about shareholders. When expectations were set that a release was coming, it either should have been immediately dispelled or delivered.
Frankly, it would be a good idea to just say there will be updates once a month on the 15th, or twice a quarter, but this nonsense of letting the market kill your stock because of no news is really, really poor IR -- frankly the IR department should be fired.
Even if there is no really good news, a confirmatory email stating that drilling is on plan would stem the 20% drop.
Amazing how quick management forgets the shareholders.
according to RIGDATA three options exist: 1. A 21 day workover operation at Main Pass 299 for MMR. 2. Second well at Brazos A-23 3. Going to Energy XXI for a well. Depends on who is first to get permit.
For your reading pleasure. According, and i say according, to RIGDATA Offshore the Rowan Mississippi well is shown as a T/A (Temporary Abandon). And the Rowan rig at Brazos A23 is finished with first well and stacked nearby waiting on permit for next well.
I can't believe the stock went up 3.23% today. Shame on McMoran for not doing more for us shareholders. They really should pay more attention to us and less on proving the UD. I am so upset that I should sell all of my shares and really show them. I just got into this stock so I could make a 5% gain in May, because another company said MMR would tell me some news.
shares have fallen.
you need to look at the share price of similiar energy co,s.
all of them are down just like mmr. jim bob cant control the price of mmr shares. the wells he is finding sure will. you do not have the patience for this kind of investing.sell out and invest in something that is not as volotel as energy stocks.
Ah, but congrats to those Horn Frogs of the fall - being a Longhorn football fan has becomewell tiresome. Same page. Have you ever used Alexander's Oil & Gas connections ? BTW, I think I remember your posts from the Arco and Unocal boards, unless I am mistaken. Now back to MMR.
Any one that has done there DD should know the MMR aka Jim Bob dosn't care about share price,just look at what DD stands for Debt & Dilution.All that matters is the "PRIZE" the search for the "Grail".If this is't what you signed up for then listen to Professor Henry Jones Sr."Let it go Indi,let it go".Or stick with us the "dreamers"On the biggest treasure hunt ever.$100 a share ore bust.