I get what's the point of publicly criticizing a company you own part of but I'm more perplexed how some people can not understand how it would be disingenuous for a company run like spq not to have negative posts which are a more truthful reflection of the state of managements performance.
The only reason I can come top terms with to explain the appalling way the company has been run is that this is Hwang's source of a comfortable income he is happy to treat more as a day job vs his responsibility to shareholders.
But the SE scoping study now provides PH a straightforward, low cost path to quickly rerate this company back to a $100m mc permanently. It is a simple operation, does not require a complicated plant or processing flowsheet. It only requires $12m start up cost for a base case NPV of $55m or $110m at todays gold price. He wont need to tap the markets for capital for a long time resulting in dilution and criticism. He will have a happy T20 back in the money. PH now has an opportunity to do the right thing for all involved and turn this around. Failure to do this at an acceptable rate will put his position in the company at risk. Do I think he will do the right thing? I'm not sure. But we'll soon find out.
- Forums
- ASX - By Stock
- Ann: Results Of Rights Issue
I get what's the point of publicly criticizing a company you own...
-
- There are more pages in this discussion • 17 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 SPQ (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.6¢ |
Change
-0.001(14.3%) |
Mkt cap ! $13.01M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.6¢ | $579 | 92.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 6797029 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 1030999 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 6630363 | 0.006 |
5 | 4676133 | 0.005 |
4 | 1089475 | 0.004 |
1 | 600000 | 0.003 |
1 | 1000000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 1030999 | 2 |
0.008 | 8467551 | 9 |
0.009 | 5166221 | 10 |
0.010 | 2390319 | 3 |
0.011 | 840000 | 3 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
SPQ (ASX) Chart |