100% agree with management track records....usually a great indicator to future performance.
A great team can make a mid tier project successful, but a mediocre team can screw up even a tier 1 project.
There are some directors who have it, and some who don't, some who attract investment and some who fundies steer well clear of.
Tim is a junior CEO/MD, new to the role......so how can you rate a track record when he is a new runner?
I will continue your race horse analogy.
You have already placed the horse as a DNF, yet some solid progress has been made....funding, government relationships, strategic partnerships...names like Ford, the UK government and LCM, one of the only battery metal makers in the West.
For comparison, I am still in SY?, the only lithium producer in North America, been producing for over a year now....yet still no offtake...no Ford or GM or Stellantis....FFS.
The point I was making was that many decent milestones have been hit so far and to me it seems we are nearly there, so a DNF or the wrong horse is not the way I view it.
It takes a lot of time and hard work to get a horse to become successful....work behind the scenes the public is not privvy to and does not see.
This horse has good track-work, set some good times, but not quite ready to run a Group 1.
But it is now getting the support it needs, better trainers and a better team to support it's journey and step up from Group 2 to Group 1, with a clearer near term strategy to get it there.
So although it may seem I am staunchly supporting Tim here, you would be misguided in thinking so.
All I am doing is remaining objective, keeping an open mind, and giving him time to hit his strides and take that first group1 victory.
With Lynch on the team, I am betting the missing piece of the puzzle is now in place to execute and together, win their first Group 1.
So I will personally afford them the time this year, to prove themselves and nail something big.
But just like a race horse, they don't have the luxury of an unlimited timeline to succeed.
2024 has to prove to be a pivotal year for IXR.
If not, it's off to the knackery for the lot of 'em.
- Forums
- ASX - By Stock
- General Chat / Discussion
100% agree with management track records....usually a great...
-
-
- There are more pages in this discussion • 694 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IXR (ASX) to my watchlist
|
|||||
Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $34.08M |
Open | High | Low | Value | Volume |
0.7¢ | 0.8¢ | 0.7¢ | $33.10K | 4.573M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
51 | 11010249 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 6630494 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
51 | 11010249 | 0.007 |
28 | 15333722 | 0.006 |
20 | 12219001 | 0.005 |
8 | 8473770 | 0.004 |
4 | 7332333 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 6630494 | 17 |
0.009 | 4972875 | 12 |
0.010 | 13323787 | 20 |
0.011 | 3818487 | 7 |
0.012 | 1705046 | 8 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
Featured News
IXR (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online