It's a very reasonable question.
After 11 years, Managing Director McCaul has taken $3 to 4 million from shareholders.The share price is 40% down over 10 years.
The slide below comes from the 2010 AGM. Not much has changed.
The company's accumulated capital expenditure, excluding impairments, to June 2019 was $81 million.
Since June 2019, they've easily spent $20-25 million more.
The questions all shareholders should ask are
- whether Managing Director McCaul has made $100 million worth of progress and since 2010,
- whether he has deserved the $3 to 4 million he has taken and
- whether he continues to be the right person to lead this company
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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2 | 625000 | 0.165 |
7 | 286056 | 0.160 |
3 | 127419 | 0.155 |
4 | 405301 | 0.150 |
2 | 106889 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 456200 | 5 |
0.175 | 621379 | 6 |
0.180 | 347824 | 5 |
0.185 | 140000 | 3 |
0.190 | 249480 | 2 |
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