They needed to sell this property to survive. Selling an inherited property for more than they thought it was worth doesn't make them exceptional management.
You're right though in that it is a new team of directors, and as FF titles the thread, it's a clean opportunity to start something.
If management are confident in themselves they should be buying as much as they can while it is below cash value. Hopefully they will do a better job than investing in random unprofitable mining companies scattered throughout the world.
For the moment I'm glad I sold out at .3c, it was an unknown gamble. A company of this size is not worth investing in unless you have direct contact with the directors.
SXX Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
