I read a comment on SA from a guy who sold after one year. He said management is not forthcoming with negatives/problems. Also, that this management overpromises and underdelivers. Plus everything in Nigeria is corrupt. That is NOT my comment but from a one year investor.
Happy to hear from those who disagree.
Not sure where the opinion of management comes from.. divvy's promised and divvy's paid, each time. I know the UMU-11 is taking a long time but I don't think they're in a hurry due to pipeline, plus flooding had production at a halt for the first 3 months of this year. This is all information released regularly by management.. just go read the press releases for the last year and come up with your own opinion?
I don't think there's any argument at how corrupt Nigeria is.. but it does go without saying, lol.