re: Ann: Company Insight - New MD Norregaard ... For what its worth, I thought Steve Norregaard spoke well.
He hit on the points that most concerned me.
* No other activities until solid cash flow is coming in coupled with solid margins.
* No major changes to the recent company review, just needs to be bloody well completed.
* Good local citizen.
* Has the right background to tackle the issues still facing the great asset.
* Greater company/shareholder communication (which as he says, will hopefully contain mostly positives)
The first glimmer of hope that RED5 has a captain that knows that he is not only on a ship, but that he needs to give clear orders to those below to keep it bloody afloat.
I think that some posters that expected Steve to put out an announcement after a couple of days is naive. He needed to have his feet on the ground, speak to staff, see the operation in action for more than 5 minutes before making his first address as the MD.
I recently bought more at what will hopefully be the lows for RED. If you take away the plant, the JORC reserve is almost worth nothing.
Looking forward to others views.
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