Simple really. The MD layed out a plan that he would ramp up to name plate at an acceptable unit cost. Over the last 12 months he has failed to ramp up, achieve unit costs (major fails) mined below target grade. High PoN and by product credits provided good cover for him to recover. Shareholders gave him a pass mark some credit as ' some things' being out of his control. He has not been able to manage areas in his control, unexpected fully drawn the working capital facility and presented no viable recovery plan beyond 'trust me' and hope and prayer. PoN and by product prices have come off the Ukrainian war premium and the business is now exposed to Management prowess or lack of. Share market is forward looking and unfortunately the tribe has spoken. Its time for Victor to tell his story walking and give someone else a bat. We needed a 'captain's knock' but we got a bunny.
- Forums
- ASX - By Stock
- PAN
- Chart thread
Chart thread, page-812
-
- There are more pages in this discussion • 405 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PAN (ASX) to my watchlist
|
|||||
Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $103.9M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
PAN (ASX) Chart |
Day chart unavailable
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online