I totally agree that hiring a CEO at this stage is financial suicide. Cost out management is critical, especially in these times when cash is king, Nasser seems motivated and capable given what the company is doing at the moment.
A bit concerned that June now has clean air in terms of cost out, I thought it was previously released that April was the start of clean air. Looks like the June quarter will be another disappointing quarter. Talk is cheap, the market is reacting accordingly, no buyers left as at the close of business yesterday.
The target acquisition seem unlikely at the moment, so the focus on growth is critical, but the market is getting no sense from management that the company has any plan at all. The company seems to be cruising in neutral or even reverse until the cash dries up.
Honestly, I have no idea want Nexion main business, goal or objective is anymore after the performance over the last 18 months.
- Forums
- ASX - By Stock
- NNG
- Ann: NNG Loan Facility Agreement
Ann: NNG Loan Facility Agreement, page-31
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NNG (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.046M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
NNG (ASX) Chart |
Day chart unavailable
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online