SIR is searching for savings in a wrong place. The management should look at the financial expenses within the company. Look at the administration expenses: last quarter they payed themselves over $500mill and this quarter they payed themselves nearly $500mill (it's all shareholders money). Cleary, the managements governance is very poor - it's unbelievable. They don't think of adding value to shareholders investment but the management know how to secure their salaries. Why a small spicy like SIR needs 5 people to manage it and why SIR needs 2 geologists?
nj
SIR Price at posting:
0.7¢ Sentiment: None Disclosure: Held