That seems accurate. With numerous shareholders, including many from the top 50, turning against management due to incompetence and negligence, they must now work to restore their credibility.
However, given the disrespect shown, it's uncertain whether they'll succeed.
The management and board can no longer:
- Support short-sellers with an additional 120 million shares in the upcoming capital raise.
- Ignore proper budgeting and spending.
- Maintain a bloated and excessively paid workforce.
- Pay themselves beyond what is legally permissible under the Corporations Act, which doesn't align with shareholder interests.
- Sit back and blame external factors, like spot prices, for ARU's stock performance.
Why can’t they continue this poor treatment of retail shareholders?
Their incompetence and negligence have been clearly documented in public letters and emails. Imagine ASIC or anyone else trying to justify this behavior moving forward.
It’s been embarrassing how they've overlooked these issues so far, which in itself signals a failure on their part.
In essence, we shouldn't expect worse actions than what we’ve already seen from those who openly suggested they were better then the outgoing management and staff they replaced….
Logically, things can only get better from here.
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Last
18.3¢ |
Change
-0.003(1.35%) |
Mkt cap ! $443.5M |
Open | High | Low | Value | Volume |
18.5¢ | 18.5¢ | 18.0¢ | $34.15K | 185.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 579143 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 1033519 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 567442 | 0.180 |
26 | 772827 | 0.175 |
24 | 793811 | 0.170 |
24 | 1330225 | 0.165 |
27 | 1148337 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 1033519 | 26 |
0.190 | 1312782 | 24 |
0.195 | 861667 | 19 |
0.200 | 1479404 | 21 |
0.205 | 599961 | 7 |
Last trade - 10.53am 08/10/2024 (20 minute delay) ? |
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ARU (ASX) Chart |