Management aren’t kicking own goals, they’re executing their plan perfectly: keep the gravy train rolling as long as possible. When one project likely proves uneconomical, acquire another one and make exciting noises about it. Then keep issuing themselves lots of performance issues. Look like heroes throwing $30K each into the latest CR, in order to milk the shareholder teat another year or two. Rinse repeat.
Even the AFR noticed this company:
Ann: Security Purchase Plan, page-76
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Last
1.6¢ |
Change
0.001(6.67%) |
Mkt cap ! $71.58M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.5¢ | $97.99K | 6.146M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 8254313 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 237969 | 1 |
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| AZL (ASX) Chart |