Sorry for harping on this, fellas, but I am so annoyed, and baffled as to what is going on.
The talk of cost cutting to meet ASX financial requirements has, in my opinion, spooked the market. They must have known that this would happen.
As for cost cutting, I would have thought that it would be general practice, and not ignored until needed.
They knew this a month ago or earlier.
Why did they not arrange a CR?
What was the BOD thinking?
Why didn't the top twenty, and in particular DLE&C, step up to the plate to prevent this confusion?
This is starting to resemble LNG.
They need to provide more details, and soon.
This is hurting the company, and exposing it, potentially, to horrific share dilution or worse. Imagine pre-FID funding coming in at a value equivalent to a SP of about 6 cents and its resulting affect on SP.
Shareholder value seems to be a casualty, collateral damage.
I don't know, I just don't know.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities Report and Appendix 5B
Sorry for harping on this, fellas, but I am so annoyed, and...
Featured News
Add NRZ (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.724M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
NRZ (ASX) Chart |
Day chart unavailable