ARI 7.69% 2.8¢ arika resources limited

Ann: Board Changes, page-9

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  1. 1,887 Posts.
    lightbulb Created with Sketch. 1086
    I had to chuckle when reading the portion about Mr Daley’s 10 years of outstanding leadership blah blah blah.

    IMO, he’s been an absolute flop, essentially being gifted a free salary with his position on the board (not even residing in the same state, from memory).
    He was probably the single person who could have gotten a result for Admiral Bay with his experience, and the results speak for themself lol. Good riddance.

    IMO, the company needs to sort this legal issue out and then perform a share consolidation.

    This will be a permanent sub 1c stock otherwise, as they dilute at these lows.

    Mr Barton’s increase in remuneration is on the nose, a revolting example of just how much Directors still profit off of providing zero value for shareholders … even stripping their wealth.

    I still watch this stock, years after selling (was lucky enough to sell on our gold run when Jason was at the helm) …. But I feel for shareholders.


    Let’s hope 2023 brings some more light.

    I’d love to jump back in if they can actually start providing value for shareholders.


    Cheyne
 
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