In my view management should be assessed on value created for shareholders.
The reality is that no permits have been granted and the permit is close to 2 years outside of timelines inferred by HFR. The SP has dropped from $2 to 90c...
Is the delay their fault? In totality no, but their has to be an element of yes.
At the end of the day there are no permits and management has created no value to shareholders over the last 2 years. Ultimately, value to their shareholders is the measure of management.
No doubt there is a chance that their could be significant value in the future and I am hopeful, but like Fezza I am now sceptical but still holding faith.
In my view management should be assessed on value created for...
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Last
33.0¢ |
Change
-0.005(1.49%) |
Mkt cap ! $129.4M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 33.5¢ | 33.0¢ | $37.32K | 111.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 116395 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 85000 | 2 |
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| Last trade - 15.59pm 07/08/2024 (20 minute delay) ? |
| HFR (ASX) Chart |