gusrox,
I don't personally believe RA is doing anything really sinister
but he does do things that he shouldn't, that's 100% for sure
I am sure he is trying to be successful, but the whole Offshore gippsland nearology and these little oil sample finds are just a trick to get money out of share holders pockets to perpetuate this company.
I don't call it a scam, but RA is just looking after himself in a situation where the honourable thing to do would be to step down and stop drawing such a ridiculous salary on the home stretch to retirement.
One thing is for sure these fracced wells and their low flow rates mean payback rates of 20 years or so. What a waste of time. You need to be drilling shallow cheap wells like RFE to make this work.
Annels salary is higher than I believe the CEO of BTA, which has far more upside than LKO, they have strong cash low, low shares on issue and just returned a bucket load of money to shareholders. And in case you are wondering I cashed out of BTA and RFE about a month ago, (both charts looking ugly)
Even BTA holders complain about their CEOs big salary.
You guys should be absolutely furious
- Forums
- ASX - By Stock
- LKO
- wombat 4 progress report ...
wombat 4 progress report ..., page-20
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LKO (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.00 |
Change
0.000(0.00%) |
Mkt cap ! $58.8K |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LKO (ASX) Chart |
Day chart unavailable