Totally agree Management is the problem, its just sad that they...

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Chass

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15/06/23

18:02

Post #: 68309180
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Originally posted by Frank64: ↑

And we have the option now to vote yes and condone the behaviour or vote no with the possibility of going into a Deed of Company Arrangement which will create terms through an independent deed administrator that facilitates a plan in servicing the creditors debt. The outcome may not be in offloading Leonora, it could involve another arrangement but at least management and board would not have the final say. It would be overseen.
Some here may think we will be liquidated, not necessarily as we are rich in assets both above and below the ground we just have a current liquidity problem. Management is the problem.

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Totally agree Management is the problem, its just sad that they cant extract value for shareholders, but SLR and GMD think they can. It beats me why they didn't divest the overseas non performing assets earlier on.

SBM Price at posting: 51.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 29.0¢		Change -0.005(1.69%)		Mkt cap ! $314.0M

Open	High	Low	Value	Volume
30.0¢	30.0¢	28.5¢	$1.949M	6.718M

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No.	Vol.	Price($)
26	1603620	28.5¢

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Price($)	Vol.	No.
29.0¢	138499	4

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No.	Vol.	Price($)
23	1503982	0.285
18	1789045	0.280
6	817000	0.275
12	318520	0.270
2	120000	0.265

Price($)	Vol.	No.
0.290	138499	4
0.295	519535	9
0.300	503757	12
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Totally agree Management is the problem, its just sad that they...

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Totally agree Management is the problem, its just sad that they...

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