Totally agree. The directors of the company need to demonstrate and clearly communicate why this investment is worthwhile and warranted a commitment of this nature. There must be some inherent value but to who. The IT opportunities sparked considerable investor interest and wa surely the best feedback that the directors could get in terms of the best value for shareholders. Right now we have a money pit in Africa which could be great but could equally be another burial ground for another ASX company. Communication is the key here and the announcement made yesterday is unsatisfactory.
SPI Price at posting:
1.0¢ Sentiment: Sell Disclosure: Held