@Footmax, quote; "
future of MXC starts with where they are up to NOW and not six or 12 months ago."
I disagree.
Trust in management and their competency is the pillar to investor confidence which very tangibly affects SP (value, or there lack of). Past-but-still-relevant performance very heavily counts, like it or not. I have many many a times seen examples of companies on the verge of "pulling gold out of the ground" (as applied to their respective product), but investors are getting more and more weary and cautious of what they hear (which is different to seeing - hallelujah!) As I have said before, bombarding SHs with positive announcement on the eve of CR or option expiry ARE BAD news in terms of improving confidence for example. In the last two years or so, market has woken up to such short sighted view of management trying to gain investors confidence.
To also give you a clear example of still-relevant-past playing a role, look at the options expiry, which was VERY MUCH management's PAST doing (or there lackn of). This WILL HAVE A SIGNIFICANT ADVERSE EFFECT on near to mid term future plans, including the critical Malta with tight timeline ... or are you going to tell me end of June when options expired is not "now" and hence not relevant to the future?!?! I won't be surprised if you do think that or justwant us to believe that.
I can mildly hear being labled a poster with agenda. Yes I DO HAVE AN AGENDA like everyone else. But my agenda has been consistent and clear: (a) we have potentials in product, (b) Yes we have seen improvement in management's focus and professionalism (they are learning we are an ASX, not a FB or tweeter company), (c) They need to perform consistently at this and further improved level (to match their salary!), FOR LONG ENOUGH PERIOD of time, relative to still-relevant-past, without slip ups to ensure we can gain the value we all expect for MGC.
). This has all been covered and I don't have the time to be honest mate.
