Management seem to be defying the Peter Principle - that everyone rises to their own level of incompetence. Management are doing a good, competent job of drilling and exploration. They are apparently incapable or unwilling to take the next step - scoping/feasibility studies do not take years to complete if done competently. Financing is a completely different set of skills, and geologists/engineers are notoriously incompetent in that area. Similarly in the area of promotion - promote the project, get the market excited and things happen - competent people want to get aboard and move the project along to construction and production - sales revenue and ultimately for the patient investor, dividends or capital gain (because the share price is going up!)
Shareholders are impatient, and while I can't be there on Monday, I hope the board gets the grilling they deserve. Mkt cap has gone backwards at a huge rate for the past two years, and while OCP keep adding to their level of control, the rest of us get shafted. This is a p!ssup in a brewery for the right people, the current team couldn't organise it without drilling a few dozen holes first.
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Management seem to be defying the Peter Principle - that...
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Last
0.6¢ |
Change
-0.001(14.3%) |
Mkt cap ! $6.578M |
Open | High | Low | Value | Volume |
0.6¢ | 0.7¢ | 0.6¢ | $3.491K | 557.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 5602072 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 23805 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 5402072 | 0.005 |
9 | 3377500 | 0.004 |
3 | 1370000 | 0.003 |
2 | 1000000 | 0.002 |
2 | 4800000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 23805 | 2 |
0.007 | 558029 | 3 |
0.008 | 2424000 | 4 |
0.009 | 20000 | 1 |
0.011 | 1875949 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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