HLX helix resources limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-3

  1. 1,605 Posts.
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    Povey?

    You guys are lucky he's come along to save the day IMO. Judging by where that ✡︎✡ Rosenstreich has left the company he was the one running it into the ground.

    Almost 4 billion shares on issues. Only $600K in the kitty. Bizarre terms like "no changes to the board" for that Bryah Basin copper project acquisition. I'd be digging into who those guys are/were and their relationship with Rosenstreich. They clearly didn't want a new BOD digging too deeply into the terms.

    I would expect either a cap raise first and then consolidation or vice versa and hopefully once that's out of the way Povey gets rid of Prendergast and brings in a whole new team.
 
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