Originally posted by whisky49
In 2017 a hype driven rally off the back of soaring Lithium prices pushed the shareprice up around 100 %, I doubt there were many complaints at the time, since then, like most parabolic moves its retreated, mainly off the back of a drop in the price of Lithium and related sentiment and now sits around 50% lower, which is what happens in volotile markets and is almost totally out of Management's hands...unfortunately it only takes a 50% drop to eliminate a 100% gain...such is life in the markets.
However the Company is exactly the same Company only further down the track, the shareprice is up 15% off it's recent bottom, we have just been handed a fortune, have no debt and an income all of which many Companies would die for, we're getting closer to a deal on SVD, which has been delayed for very sensible reasons IMO and the outcome will likely prove very well worth it, MC is profitable and getting better and the Lithium price is improving as is the EV outlook in general.
So on the strength of that someone on an internet traders chatsite suggests a board change...LOL , talk about biting off your nose to spite your face...
You change a board when it can be rationally , not emotionally established that the existing board is incompetent, and a new board could do it better, not because the shareprice is being pushed around by market forces or they dont communicate as well as you would like...the theory it seems is a new board will perform better than the current one , be carefull what you wish for...
Nothing wrong with questioning board or Management, but IMO is best done with emotion removed and common sense applied, their job is to work for all shareholders not individuals and many such as myself think they have achieved a lot and will achieve considerably more, like us they will get it wrong on occasions but it's how often they get it right that determines the future and the record shows they have got a lot right..
The world has not ended.
Cheers Whisky
> In 2017 a hype driven rally off the back of soaring Lithium prices pushed the shareprice up around 100 %
So, you're saying our SP rocketing during this time has actually nothing to do with what our management did?
> we're getting closer to a deal on SVD
Are we?
What makes you say that?
Do you actually have real indications of that, or it it something along the line "well, if you walk in the desert and don't stop walking, you're getting closer to the sea"?
Don't you feel like we have actually gone nowhere recently? Maybe even a little bit backward?
I remember we had 7 shortlisted, then 8, then the deadline was extended, then JP Morgan is not even mentioned anymore ...
I think it is more like the walk in the desert. Sure, we're getting closer to the sea.
> MC is profitable and getting better
Is it getting better? Getting better from what? From the recent "catastrophic" results? I would certainly hope so! Imagine if it was getting even worse!
What is the YOP program at? Is it finalised yet? Is it working?
> You change a board when it can be rationally , not emotionally established that the existing board is incompetent, and a new board could do it better
> .... and the record shows they have got a lot right..
Actually I don't think this is about the SP. I think everyone, including myself, realise that it is sector wide. But isn't that a convenient excuse to ignore the setbacks and the mistakes that were made?
This board did an amazing job saving our beloved company. I think any investor, including myself, who has seen the company collapse to the verge of extinction will agree. And will be very grateful to AT for what he has done. He definitely knows how to turn around a company!
Turning around a company and growing it are two very different things. It takes another set of skills.
We haven't seen any of that yet. The sale to Posco, which was amazing, is more a "turn around" tactic that a growth one.
You want to turn around a company, sell some assets that you can do without (like a factory or some real estate you don't use).
You want to grow a company, you need to make things happen.
So far, this is not happening.
> their job is to work for all shareholders not individuals
Do you have the feeling they work for the 20% retail shareholders? [Actually, I'd love to know where that 20% comes from]
Is that the feeling you got when, at the last Q call, AT let the analyst say "I'll ask the rest of my questions offline"?
Is that the feeling you have when you see an unusually high volume of activity the day before we get a terrible quarterly report?
