The position of MD is not a cruise and we accept that however if you put your hand up for a handsome salary of $800k PA then you should also accept the workload, responsibility and also the "flack" that will come your way when expectations are not delivered. "The buck stops here" rule applies.That is the role of the ship's captain....go down with the ship if need be as all eyes look to him for leadership. As I recall it the explanation given for holding back from drip feeding the drill results was so that the public will get a "complete picture" of what ROX holds and not reactions up and then down based each new release. I for one appreciate the chance to trade a stock between those fluctuations. Well...assumptions were fed out there plenty from many of us holders due to the "lack of news" and inspired by apparent comments made by management at the AGM. Most were high hopes and dreams after hearing comments such as "new flow rich" or "MEGA announcement", "positive body language" and "a lot of skin in the game".
The reality seems to have come back to earth and now sets in with the pain felt from missed opportunities elsewhere. Talk is that ROX will pick itself up again, but that is of course a long way down the track from here. Silence by management for the past number of months until now has seen the SP slide backward then level off before taking a sharp dive following this latest announcement and has seriously damaged share holder confidence in ROX management. Do we trust? That's up to each individual. However trust is hard earned and i believe that most will be very cautious from now on with any announcement that AP and management release and no doubt very careful where they place their hard earned $$$.
Let us hope that the Quarterly Cashflow & Activities Report brings some positivity.
C'mon ROX....start letting us what we should be seeing out our window on this journey and not what we missed seeing once we finally arrive there.
IMHO.
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