I can't believe this ever reached sub 20 cents.
The directors are completely responsible for killing this stock, and should be sacked.
I hope they haven't been granted any performance bonuses, it's bad enough that they draw an excessive salary.
I spoke with a broker and fund manager when it got below 50 cents, and they were buying in, which shows how much they knew.
Tin will do well in the coming years.
Nifty has been their demise, which says something about the decision making ability of this management.
They should now spin-out the Nifty project by creating another company and awarding (long suffering) shareholders some free shares in that company.
If these directors had any intelligence at all, this is what they would do, instead of hanging in here with this like a bunch of losers. The hallmark of good directors is what they do in difficult circumstances, and these guys have shown themselves to be jokes.
What do international hedge funds do with distressed assets in order to make money, they split them into their individual parts and play to the strengths of each part - it's a simple solution that these "muppets" don't seem to understand at all.
I would invest here, for the Tin, but only after there is a clean-out of their incompetent directors, and a decision to spin-out Nifty into a separate vehicle.
Shareholders need some common sense decision making here, and some clear thinking directors with some basic business experience.
This was over $1.70 - now it's 19 cents.
Muppets.
Gw
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Last
62.5¢ |
Change
-0.030(4.58%) |
Mkt cap ! $553.9M |
Open | High | Low | Value | Volume |
66.0¢ | 66.0¢ | 61.0¢ | $2.280M | 3.628M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 86376 | 62.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
62.5¢ | 180867 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 70000 | 0.620 |
1 | 1000 | 0.615 |
11 | 248884 | 0.610 |
4 | 40722 | 0.605 |
15 | 244183 | 0.600 |
Price($) | Vol. | No. |
---|---|---|
0.625 | 161645 | 2 |
0.630 | 18542 | 1 |
0.635 | 7000 | 1 |
0.640 | 30962 | 2 |
0.665 | 40000 | 1 |
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