time for a new board?, page-37

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