The fact that nwr is providing as opaque if not moreso comment than from Glynn previously, plus the fact we are paying for this 'service' raises the question why we require Glynn and not another independant director? As for nwr indicating X updates in Y months - none of those gave substantive updates on actual progress moving ahead rather moreso status quo. So if regurgitating the same so called news constitutes a meaningful update, then the bod might as well just do a weekly update of the latest movies they saw each week. Apparently frequency and volume of 'nothing much to say' is more important for the bod than actual quality. Very much first grader philosophy here and all nwr and the bod are doing is reinforcing their inability to communicate in any professional sense of the word plus a direct correlation to the abysmmal share price. Maybe they cannot as they have said influence the sp (upwards) but they have done a pretty decent job of doing the opposite. Given the amateurish nature and fact they missed out on their recent share grab, wouldn't be surprised if some of their behaviour is out of spite - tongue in cheek. After all, the only ones to benefit in the last couple of years were the directors that sold out post PG announcemeny in the mid 9's. Way to go boys.
OBJ Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held
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