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2.15% 9.5¢ neometals ltd

General Neometals related news, page-4217

  1. thecrabpest
    2,414 Posts.
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    29/01/24
    05:54
    Post #: 72101303
    2030 is 6 years away.

    The company isn't even funded for the next 12 months, let alone the next 72 months.

    Chris is a horrific CEO who's performance in the last 18 months could be argued had demonstrated he is strategically incompetent, a financial illiterate (given the immense cash burn for zero revenue), suffers from nepotism due to his unwillingness to make cuts at a board and executive level to save funds, and is treading water until the next raise that'll probably be in 6 to 8 months that'll likely just cover salaries, but is unlikely to unlock real value because there isn't money for growth without an asset sale.

    I honestly wonder what the members of the board are doing on a daily basis to right their wrongs?
    Last edited by thecrabpest: 29/01/24
    NMT Price at posting: 15.5¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch. 1  Great analysis
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