The stock can comfortably run multiples IF/WHEN a strategic partner is secured and with cash (JP mentioned in a previous Eureka Report interview that this deal would mean never needing to CR again).
But the frustration for me, aside from the ridiculous delays, is our MD.
Aside from the fact that, IMO, he is WAY overpaid vs what value he provides shareholders …. But to sell off shares, shares that were gifted without him actually hitting the KPIs…. and when the stock was actually moving north.….
Thats just revolting, unforgivable, and he’s a liability as far as I’m concerned.
Our US friends also have more shares to drawdown, which won’t help.
Phil needs to go IMO. He needed to go years ago.
Justyn is basically steering the ship anyway….. thankfully.
For the time it’s taken to finalise this deal, it better be the 30% funding in its entirety …. So we can sort the 70% and FID shortly thereafter.
Cheyne
General Discussion, page-679
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $24.73M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.7¢ | 1.2¢ | $325.2K | 22.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 69000 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 1.2¢ | 100000 | 1 |
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| Last trade - 14.00pm 14/06/2024 (20 minute delay) ? |
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1.3¢ |
Change
-0.001 ( 7.14 %) |
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| Open | High | Low | Volume | ||
| 1.6¢ | 1.7¢ | 1.3¢ | 21022980 | ||
| Last updated 13.48pm 14/06/2024 ? | |||||
| NRZ (ASX) Chart |