Exactly what I have been saying for a long time. Management needs to go, too many mistakes. They either buyback shares to show their confidence in the business, or they go. But since this is a small local Perth company, I don't think they will walk.
So a takeover sounds likely, perhaps there have been talks or negotiations recently and this is why the Management does not (cannot) purchase shares on the market at these low levels.
SLR Price at posting:
38.7¢ Sentiment: Buy Disclosure: Held