Hi Guys, i see even from my own comments we keep repeating the same issues over and over again!! Yes Erling and Jamie did stuff this company up. No doubt about it! Yes there’s water issues. The whole country does! Increasing prices are a reflection of this. 8cents is roughly fair value. The company has good ownership model. Approximately 40%by retail. 40%by institutions namely Thorney and cyal investment. 10% by board of directors and 10%private companies. Now, we can only play the hand that we are dealt. The current board has maximum 6-9 months left to prove the positive progress made. Otherwise the share price will move to aproximately 5-6cents. Then if the salary of the board doesn’t reflect the performance it will show the shareholders are absolute muppets and can’t direct the company. By this time the money raised will dry up which will ultimately result in the company being in the hand of liquidators. If the board can survive the next 6-9 months it’s roses!!! If they can’t kiss your money good bye. Thank you all.
MRG Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
