Who honestly thinks this is a good report?
It honestly provides very little as an update with very broad and vague targets for the coming year
And what did it cost?
- 210k in Director costs
- 260k in Staffing
- 435k in overheads and admin
Noting that a considerable amount of management would be capitalised in the $7M Exploration Costs
And what was the update Mahalo? More studies like it’s the most complex bloody gas project on the east coast
to work towards formalising the development plan and "start-up" scope of work for the Mahalo asset. Several engineering studies in gas and water handling facilities, well design and field layout have progressed during the quarter.
And of course, no mention of the two performance milestones that were missed....
How on earth anyone can support this management team is beyond me
Now before some yuts comes in and says “just sell if your not happy” I will repeat what I said before
We have gas, we have potential, market wants gas, government supports gas, good project, great opportunity, managed by opex and capex sucking management team that misses the rare milestones they commit to
Management Model: Raise capex, do little, make very few commitments, stay vague with milestones, run short of cash, send actual progress updates, keep management paid, raise capital repeat
Notice how there is hardly any exec management turnover? #goodwicket
- Forums
- ASX - By Stock
- COI
- Ann: Quarterly Activities Report
Ann: Quarterly Activities Report, page-2
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add COI (ASX) to my watchlist
(20min delay)
|
|||||
Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $188.3M |
Open | High | Low | Value | Volume |
16.5¢ | 17.0¢ | 16.5¢ | $41.16K | 243.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 160000 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 2298080 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 160000 | 0.165 |
1 | 45000 | 0.160 |
3 | 162903 | 0.155 |
9 | 596951 | 0.150 |
3 | 110339 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 2298080 | 5 |
0.175 | 320000 | 3 |
0.180 | 70000 | 1 |
0.185 | 240000 | 4 |
0.190 | 249480 | 2 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
COI (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online