Former QLD Campbell Newman stepped down after election defeat mainly caused by sluggish QLD economy due to bubble burst of mining boom there.
Usually, politicians are more tricky than businessmen or industrialist.
But in Australia, especially in tiny mining companies, the story is quite different, imo.
It is almost hardly to see voluntarily stepping down of top responsible company personal after bad company result or faltering SP.
IMO, choosing a JV partner is almost company's top vital strategic action.
Now I am thinking, why ENT had picked up such tiny financially not affordable company as a JV partner. Even there is a proverb saying "Birds of a feather flock together.", picking another penny dreadful company is not so good choice at all. Even there might be difficulty, but why not picked such "Vale" up as a world class mining company for a partner.
IMO, without changing top level managerial personal, the company's future will not be changed drastically.
But I am holding the company shares mainly because I still believe we have very prospective tenements
in FR and Doolgunna regions.
Regards,
ENT Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)