This is a typical example of a listed lifestyle Company.
Time for the Board to have an inner look and introduce new blood, or agree that a complete new Board and Management is the only way forward. Year after year we are led to believe they just drilled in the wrong spot, or just drilled too shallow etc.
Long-term shareholders either keep sending more money or get diluted. When will we collectively wake up?
I for will be happy to eat humble pie should anything come from even one of their 'Company maker projects' they keep telling us are in the portfolio. However I hope to still have teeth left to chew with then.
Here's to a SPQ surprise in 2019 - PLEASE.
SPQ Price at posting:
0.5¢ Sentiment: None Disclosure: Held
