My biggest concern in the short term is Ross Stanley selling his...

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Timmyk

2,220 Posts.

349

01/03/24

14:26

Post #: 72696526
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Originally posted by agj26 ↑

It's one of my bug bears for sure, Directors and senior management not actually buying shares on market. Selby was awarded a bonus of USD $166k last year. Why isn't he putting his money where his mouth is? He was interviewed weeks ago saying 'our stock is as low as its going to go' - it's now 40% lower FFS.

When was the last time Miles Kennedy bought any shares? I recall a meagre contribution to one of the last cap raises - with our SP then at record lows. Of course, it's easy to appreciate why he may have been apprehensive given our share price is now just over 2c. Nothing since. 4 days per month.

In my opinion - our executive and management team have been doing absolute pharrk all to build any confidence in the stock whatsoever. I have a bigger shareholding than Selby and I'm certainly not earning the sort of money he is - nor banking fat bonuses while ordinary shareholders bleed out like stuck pigs.

Hopefully this does mark a turning point for this capital devouring monster. Better comms, better PR, and buy some Ph'ing shares.

I'm angry and bitter - but there is hope. It may only take a couple of nice finds to turn things around at Mothae - or sell it, cut our losses and move on, and the increased ownership over the Lulo Kimberlite JV could be a game changer.

If they try to dilute us post this recap - I'm going to flip out. But I'm resigned to this - and hopefully they can make something good of it.

Also - the presentation yesterday - I actually like Selby as a presenter, and CEO - notwithstanding the unbelievably bad SP. There is authenticity there, he comes across as truthful and competent. But crikey - the honeymoon as CEO is well and truly over and it's time to deliver some much-needed change.

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My biggest concern in the short term is Ross Stanley selling his 80m+ shares in short order.
That would make the last month seem like good times.

LOM Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
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