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 • 55 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
1.0¢ |
Change
0.001(11.1%) |
Mkt cap ! $45.89M |
Open | High | Low | Value | Volume |
0.9¢ | 1.0¢ | 0.9¢ | $123.3K | 12.68M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
51 | 17453151 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 1270158 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
51 | 17453151 | 0.009 |
25 | 18594978 | 0.008 |
10 | 6250171 | 0.007 |
9 | 6268333 | 0.006 |
11 | 9108211 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 1270158 | 2 |
0.011 | 11848190 | 12 |
0.012 | 4374398 | 9 |
0.013 | 5454570 | 7 |
0.014 | 2441949 | 13 |
Last trade - 15.36pm 25/06/2024 (20 minute delay) ? |
Featured News
IXR (ASX) Chart |