When are the HSK board going to stop pretending and liquidate the company? Aside from people invlved in the two mining businesses, there is an MD, an exec Director Corporate & Markets, EGM of business development, EGM Investments and a Financial Controller to sit over three assets, one of which is a passive stock market investment. Maybe they can all go back to J B Were...The lastest quarterly shows more cost issues at Los Santos (and ANOTHER) promise of improvement. All this wrapped up in a quarterly and annual report which notes the very strong return on Pajingo from a $10m investment but glosses over $40m of writedowns on Los Santos. Now the company has enough $$$ to repay the convertible notes, the last thing shareholders want are these guys making any more investments with our money. Shareholders could do worse than send a message by throwing Herron and Bird off the board at the upcoming AGM and making Robinson cut costs and hand capital back to shareholders.
HSK Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held