WOW. This is a great announcement yet SP doesn't move much.
This is not a good sign. Something is broken.
The social media leaks have totally destroyed the confidence, it is now a fact. Those kind of anns should really move the needle, yet because there is an history of non delivery on announcements, the market doesn't believe it. That is a real problem for current and future shareholders.
The value of deals linked to the executives salaries is also a worry. Whilst it's a great news and great progress, I don't see how the 2nd strike on remuneration will be avoided.
It's a shame because things are progressing well, the market may be saying, it's too little, too late, same team as previous issues, so why would this time be any different?
Really a shame. Ultimately, I like where the industry is going in Australia, after a good 2 years sleep, it's starting to wake up.
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