Wow. I really used to enjoy reading this thread in HC, as it put up both the positive and the negative aspects of this company for discussion.I am sorry to see it move to sniping and personal attacks, as I thought most of the posters were above that. I can only hope it is because of frustration and that people can improve.
I will also be voting no for my three small holdings, but don't agree with forming a block to say so. Everyone has a choice, and to be banded together, may actually prove detrimental to our company, and possibly even further the BOD's goals of wanting to dilute us out.
Lets face facts though - Yes they may see we are disillussioned with how things have gone, and if they read HC they should know alot of us a peeved. But do they really care? We'll they need to answer that.
What I'm hoping for is that the company will actually hit a project which starts making some money and can turn our fortunes around. Till then hopefully the sale of part of TZ will help. Yes management have made some mistakes with their tennements - have their poor performance been their causing - well not really with TZ and Italy. Extenuating circumstances have resulted in delays and loss of money etc.
One thing I have realised is that the market more often than not never reflects the true value of the company. I still beleive that is the case here.
Anyway I will be voting no. Hopefully they improve their communication. I'll continue to hold, as I don't need to book a significant loss (compared to my holding, and overall portfolio).
But lets move beyond personal attacks/comments and focus on this vote, and the company as a whole!
KEY Price at posting:
5.2¢ Sentiment: Hold Disclosure: Held