The Central Petroleum Annual General Meeting is coming up on Tuesday. Anyone planning to attend in person? Unfortunately, I will only be able to participate online, which is too bad. I have a lot of (pointed) questions to put to Management and the Board of Directors. I know that most online questions will be carefully filtered. I fully expect the usual Management bloviating, obfuscating, navel gazing, and turd polishing at the meeting on Tuesday.
I just want to reiterate the following for everyone else here:
Share Price 23 November 2018 - $0.15
Share Price 10 November 2023 - $0.05
Management
Leon Devaney - Appointed Acting CEO/CEO July 2018
Ross Evans - Appointed COO June 2018
Damien Galvin - Appointed CFO August 2019
Board of Directors
Katherine Hirschfeld - Appointed December 2018
Agu Kantsler - Appointed June 2020
Mick McCormack - Appointed September 2020
Stephen Gardiner - Appointed July 2021
Troy Harry September - Appointed September 2022
With the exception of Damien Galvin, the management team's tenure predates the entire current Board of Directors of Central Petroleum.
Numbers don't lie. Between November 2018 and November 2023, Central Petroleum lost 2/3 of its value. Every year since 2018, shareholders have been subject to the same management song and dance.... a variation of "just wait, things will get better." Until the Board of Directors develop a gram of intestinal fortitude, does their job, and sacks management, nothing will change. In that case, this company is doomed.
If Leon, Ross, Damien, or even Mick want to dispute this post, they're more than welcome to.
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