I think many will head for the door once they relist, and I don't blame them.
I do see value in the company.... but Hamish and co have a lot of work to do, to earn back any sort of trust from shareholders.
This whole fiasco has been a disaster.
I know some are suggesting that it's not Management's fault and that they've done a good job, but you've got to be kidding me.
From rumours that Pak doesn't even exist, to
no real plan B ever evolving...then, holders were fed "copy and pasted" announcments highlighting further delays FOR MONTHS.
There is a reason that people in these positions get paid the salaries that they do. They are supposed to make deals and ensure that deals go through. This includes having options that are readily accessible if the environment of the deal carries risk.
I'm definately grateful that they appear to be relisting. But I hold no gratitude towards management for gutting the majority of our investments.
They're going to have to make things happen, before any sort of positive sentiment from me.
At least certain shareholders did quite well out of all of this.
Fingers crossed it's all positive from here.
Cheyne.
GMC Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
