Let's be honest. Most stocks this size and even the bigger ones are struggling.
Look at its counterpart Heron (HRR). BHP & CVRD (formerley Inco) paid up at $1.15 for more shares, now they are $0.50.
Unless you bought some stocks 3 or more years ago there would be a lot of red now with these small to medium ones.
The reason is probably long lead times to get these projects advanced, issues in the credit markets so financing is getting tougher and some tax loss selling all means that most are struggling.
Considering these stocks are looked at daily and minute by minute if news only comes out say every month then there are plenty of days and hours in between to get "bored or disinterested" with the stock and move onto something that we think will give us a better ride or result.
In other words there is a mismatch between the timeframes from a management viewpoint re newsflow etc and how fast they can get things done and our expectations as shareholders. We want news, and good news at that, as often as possible to be reassured that we are on a good stock.
Flipper
EPS Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
