FAR 1.06% 46.5¢ far limited

How long can Michael Evans stay in his job given the stock has...

  1. 49 Posts.
    How long can Michael Evans stay in his job given the stock has gone nowhere since he has been leading? I looked back at their announcements since 2004 and what do you find, old Mickey Evans spruiking the same story. When does the Board force a change.

    If you don't agree take a look at a 5 year chart. He managed to extract nothing out of an oil price spike and is currently managing to do the same here (but he did raise $34m 6 months ago). Hmmm, it's getting pretty tiresome knowing the company is in a quality region but sitting on assets for years doing absolutely nothing. Drill a hole, give something to the drillers. Ever heard of the saying "a bird in the hand is worth two in the bush". I couldn't care less if our stake of the 1bn+ barrells is only 10%. It's still worth more than the current value of the company and you give up some of the cost risk associated with drilling.

    As one of my colleagues says, it's a crab pot stock. Gets everyone in and most never get out.

 
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Last
46.5¢
Change
-0.005(1.06%)
Mkt cap ! $42.97M
Open High Low Value Volume
47.0¢ 47.0¢ 45.5¢ $31.34K 67.88K

Buyers (Bids)

No. Vol. Price($)
1 3338 46.0¢
 

Sellers (Offers)

Price($) Vol. No.
47.0¢ 199900 2
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Last trade - 15.59pm 13/09/2024 (20 minute delay) ?
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