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tcf

5,466 Posts.

37

27/10/15

10:08

Post #: 16259903
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Originally posted by Varuka ↑

no tcf - I fully agree.

30% is crap result and I flagged a while a go that that was likely to happen. Its just a sorry story. Like a said, extensions were never going to make a difference if the board doesn't put up a propelling case (other than needing money for corporate overheads).

Board needs new direction or just treat this as another shell and put some technology assets in it and "go again". A pro-active board would be nice.

More than likely board will blame the commodity market (which is a fair call to some degree - but not if it means the board sits on its hands for two years as it is all unfolding waiting for things to miraculously change on its own). I guess making no decisions of substance means nobody can be blamed for a making a bad decision.

I suspect the board will most likely do nothing again, and we will all sit here doing the same thing again every 6 months for the next couple of years until we get out of this commodity cycle.

Shame.

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V
I agree. As with Mr Barton's KRC they should start looking for gold in the rare earth tenements.
A "world class" HREE potential has been driven to potential administration. Where will the next buck come from?

SPX Price at posting: 0.5¢ Sentiment: None Disclosure: Held
2 Upvote

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