The market is telling SPL that they are going to keep dropping the SP until management issue cash generative news. They don’t believe management, they don’t trust management. Management have lost all credibility and no investor wants to buy their shares while they are being dragged down each day.
Management need to release the phase 2 results before it turns really ugly. What is the delay? We are now into September and they “expected” to complete by the end of the financial year '22. Not a word from them to explain yet another delay.
I am disgusted with them.
SPL Price at posting:
58.0¢ Sentiment: Hold Disclosure: Held
