Why Ian Davies has failed us, page-2

@fruity,

The above attests to why performance rights should not be linked to the share price performance of a share relative to the ASX300.

I can tell you right now, if I knew SXY did not intend on doing the things they announced over several announcements to the ASX in the timeframes stipulated, I would 100% have deferred my decision to invest in SXY. I am sure there are others in the same boat. Reduced demand = reduced share price performance.

The only reason I am not selling is because I am banking on the milestones actually being achieved (given that we are 12 months behind, surely it happens this year).

I do not like that we have still not been provided with any reasons why no drilling has occurred - I would have thought this is material to price / value, and should be disclosed pursuant to the continuous disclosure obligations.

I really don't want to go down the path of ASX / ASIC, but this is getting ridiculous.

SXY should correct each of the statements previously released, with informed estimates of when these price sensitive milestones will actually be delivered.