Well, the Stelco deal ends in two months & there's not a single mention of it in this "price sensitive" ann. What does that tell you? Not much has changed here over the last 12 - 18 months, just the same regurgitated material continues to be copied & pasted into each & every quarterly.
Sure, there's been a few highs, Mt Marion moving into production & MB coming along. It's been great for day traders or people looking to make a quick buck, sure. What about the loyal long-term holders that prefer generational wealth? Enjoy the capital gains & dividends for life. You know, make some real money. Retire early? Be able to put money aside for the kids or grand kids? Set them up for life. That's only possible when speccy entities get projects off the ground, supply a product or need to a customer & pull billions in revenue.
Mangement & BOD on comfy wages & very little has happened on the project front for basically two decades. Projects have come & gone. Money has come & gone. Partners have come & gone. Replaced by new projects & new partners, which are then canceled, sold or replaced once again. The "merry-go-round" never ends. Where's the accountability? Well, management have come & I think it's their turn to go. I'm the only idiot still here.
I think this has turned into a lifestyle company.
What are we going to do about it? I'm only one guy, but there's an army of shareholders out there.
NEOMETALS LTD (ASX:NMT) - Ann: Annual Report to Shareholders, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
I think NMT has the technology, the market is there & the demand is real.
I think the execution is the problem.
Shareholders can't control the direction technology takes, the market or demand. But they can control the direction & success of the company by replacing the BOD. Shareholders have power, this is your company. It doesn't only belong to Chris or his dad. It's yours too, you own this thing. When you're a shareholder you own the company!!
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