Originally posted by SparkyR
I was at the AGM today and it was a good opportunity to engage in a dialogue with management and have the opportunity to speak frankly about certain decisions around the SPP, company valuations, their desired options and management communication to shareholders. While there was frustration a times in the voice of management my hope is that they absorb what was said at the AGM and realise that the questions were not directed at their intent but more so their actions/performance. They have undoubtedly done some great work and I thank them for that, and they have also done work that could have been better and as management of a public company you have to take the pats on the back and the hard questions as well, while at the same time realising that we all want this company to prosper.
Onward and upwards from here.
Thanks Sparky.
I wasn't at the meeting, but it struck me that your description of it contrasts with much of the commentary on this board in 2 respects.
First, a lot of the commentary on this board goes directly to intent. All the talk here about "mates" and deals and timing announcements and pumping and dumping etc. etc. etc. goes directly to intent. It is implied that management is complicit and the evidence seems non-existent. I find it offensive and when I point that out I am immediately implicated in the conspiracy. I don't doubt that management feels frustrated.
Second, rather than judging actions/performance having regard to market conditions and project financing (particularly jurisdictional) issues, on this board they are too often judged by reference to the share price. When I bought into this company years ago I thought it was ridiculously undervalued and that remains the case today, so nothing has really changed in that regard and I still see great opportunity and potential. I'm disappointed that "the market" still doesn't see what I see, notwithstanding that Lindi has progressed nicely, but "the market" doesn't care what I or any of us think.
Putting the project financing in place is so obviously the key to unlocking the value we know is there, so I would appreciate feed back from anyone who attended about progress made in that regard and apologies if I have missed anything about that in earlier posts.
(20min delay)