I don't apologies for being a pessimist but the reality of your (all of you) situation is simple. You have a board that is burning cash at a run rate of A$15.0m p.a on expenses while at the same time throwing money at capex and achieving nothing except trying to justify their fat salaries.
This is a company run for the board and senior management. Plain and simple. The new CEO is getting paid A$500k p.a for what exactly..? Its a joke yet all I read is 50c this and takeover that.. Ive only been reading this forum for a month but im sure if i go back to when the stock was 50c, it would be exactly the same conversations..
There is nothing wrong with taking a loss.
I don't apologies for being a pessimist but the reality of your...
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Last
30.0¢ |
Change
-0.005(1.64%) |
Mkt cap ! $171.7M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.0¢ | 30.0¢ | $624.1K | 2.059M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 111026 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 70000 | 1 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| A1M (ASX) Chart |