They're often referred to as 'lifestyle' companies, the 'lifestyle' is 'lived' by the execs and BoD, @ SH expense, while getting 'sweet-FA' done...
Way too many on the ASX, if they did a 'Royal Commission' into that sort of behaviour, there'd be ~50% less 'listed' entities on the ASX....
The market seems to accurately reflect the 'inherent value' the current incumbents provide to the 'wider market' and MCT SH, being very little...
Hopefully, somebody with a bit of 'nouse' actually gets involved as part of the TSX-listing, so we can just see an 'exit' from this debacle of an investment proposition...
Junk bonds have a better reputation...
Maybe we'll see a miracle, not all that confident at all tbh...
ML
Ann: Kimberley Mining TSX-V Listing Update, page-42
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