For those that missed it
@SugeKnight ‘s post on another thread
https://hotcopper.com.au/posts/78500751/single provided a balanced assessment of yesterday’s announcement and an insight to CRS’s culture.
”…Further back on page 10 you can see the significant phase 2 drilling results….mostly not good” Bury the dud results and highlight previously reported favourable results on page 1. For me it speaks volumes of the culture at CRS.
@eastwest101. For holders who haven’t already, might be worth doing some dd on the BOD, starting with the Non Executive Chairman, Glenn Whiddon.
He’s also currently listed as a director of Calima Energy (
formerly ASX:CE1and now de-listed), ASX:ANL, ASX:CRB & ASX:MRR. Even a cursory appraisal of HC threads of these Co’s will reveal a common theme of SH’s less than favourable … to put it mildly … views on management performance.
Whiddon’s tenure over the last three years as MD, Chairman or Director (all 3 at CE1) at each company was marked by promise, but all experienced reversals that resulted in the destruction of well in excess of $100M of shareholder value. It wasn’t just the outcome, it was the manner it which it played out at all four companies that left a sour taste.
The announcement on the 12th February certainly got my attention, but
potentially great assets require management with a proven track record to succeed. The four out of four $#!t shows that are CE1,ANL, CRB & MRR are not the track record you want here and Whiddon’s involvement here was enough of deterrent to give this a miss.
@rockofgib well played, I think you’ll sleep better at night, as all the shennanigans playing out here have a all too familiar ring IMHO. Of course I could be entirely wrong with my view of SH propects here, as great drilling results, a rising POG and heightened M&A activity will raise all boats.
DYOR & good luck to all holders…except management.
(20min delay)