Been reading this thread and the parallels to another of my 'great ideas' is stark. Management teams make a big difference and what was good for one phase in the cycle may not necessarily be right for the next.
Great idea 1: Lynas had just undertaken the capital intensive phase of its production; building plants, securing supply lines etc. The transition to proper production saw the share price plunge and calls for management to move-on; management resisted on the back of 'look what we have achieved so far'.
"What difference could that make" I asked myself
I was in at 1.13 and sold at 0.10- a bloody tough lesson
Lynas management/ CEO etc. changed and I continued to watch out of some form of voyeurism. The new management team was focused on leveraging the plant to profitable levels of production and marketing/sales. Rare earths are an interesting segment requiring a bit more than the usual 'come on down' sales pitch. Share price last time I checked-in was around 6.00.
I see strong parallels with Lynas and CANN. The mgt team has done well (be kind now) to get it to where it is but new thinking and perhaps a reset on some strategy/planning lines is now needed. Existing mgt are reluctant to shift, in my view, for some fear of 'that would mean we were wrong'. NO, it suggests that you are comfortable with what you have done and now it is time for a new team to kick on to through the next phase. See Handy's 'Sigmoid Curve'. Just my 0.295 cents worth.
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