What I want from management is simple. It is called “Communication”. Asx mandated reporting such as quarterly reporting is one thing, but when was the last non mandated report issued? Let’s be honest, SHs love news and sp movement is driven by news. When there is extended periods of no news, SHs get itchy feet and this is what we need to avoid.
If as FGR claim to have approx 70 potential customers globally, you can’t convince me that there is absolutely zero news on any of these projects that can be reported. I hate to say it again, but the bucket liner project is a classic example. It is 2.5 months since the liners were removed for examination. SHs want and expect some news.
The sp is surprisingly standing up quite well considering the “cone of silence”, but how long can this last.
I really look forward to the arrival of the new CEO who will hopefully bring a new era to the way FGR manage their communications to SHs, customers and potential customers.
FGR Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
