Australia's largest stock trading and investment forum Australia's #1 stock forum

APG

Click for more information

0.00%

0.3¢ austpac resources nl

Management AGM MT stay or go, page-6

First 6 Last

Share
Profile

Follow
Sagittarius

112 Posts.

15/10/18

17:30

Post #: 36129702
Share

Originally posted by clacko888: ↑

Sagittarius,

Unfortunately, this year has been a disaster. The share price cannot go any lower and we can't continue to afford to pay a management team that delivers ZERO results (no professional investor or anyone else for that matter will come to the party to contribute additional capita where there is NIL expectation of a return under the company's existing management team).

Without a change in direction at the top we are sliding inexorably towards insolvency (our auditors, as of last week, clearly agonised about classifying APG as a coping concern). This is not good enough.

As a major investor I counsel strongly for change and hope MT has the wisdom to act with grace and dignity and resign before the AGM.

No deal will ever be signed until the decks are cleared and investors (industry insiders and brokers) have confidence that the management team will deliver. Under MT's leadership, we have achieved near bankruptcy - this isn't in anyone's interest, including MT's.

Time for a change - sad but essential.

Clack0

Expand

I respect your view point I just have a different opinion. I would like to know the status of negotiations and make up my mind at that stage.

APG Price at posting: 0.2¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Optimising your equity market strategy: Tips for investors

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 24 more messages in this thread...

First 6 Last

Add APG (ASX) to my watchlist

SPONSORED BY