- offered his considerable knowledge and experience that would assist the Company in meeting it's requirements on a number of fronts. This was rejected.
- the MD is all over the place
- recent debacle on producing an initial Jorc for Collerina with the time line out by 9 months is a case in point.
- The time taken is glacial , drilling should have been tackled a year ago
- incumbents have become too blase and comfortable to bother about returning shareholders emails, phone calls etc.
If this was an episode of Dragons Den they'd all be saying "and that's the reason why I can't invest" to any one of the above points. The time for a shake up was back when the issues became apparent, back when the SP first started telling the story about a company not cutting the mustard. 1.6 cents is dreadful.
HLX Price at posting:
1.6¢ Sentiment: None Disclosure: Not Held
(20min delay)