What management level is that then? Its an AIM company mate not FTSE 100. Plus he's bought others with him with some more experience. We don't need a field expert heading the company. Need a numbers man, wants to see the dosh..mo money mo money. Bonus is he has worked for Shell so should know the game. Im up for giving him a chance. I'd be worried if we didnt have great assets but we do. Believe others should give him and team a chance to develop them.
Maybe that twot in Perth should be held accountable for the 8 million he twotted away to IOP, would not have needed this latest dilution if he had not handed the cash over, for a cash strapped companies CEO to basically give 8 million away is nothing short of criminal, does anyone ever think we will see that money again especially with you know who is behind IOP
You missed the most important thing to give the new team. Money! That's why the SP is where it is.
Now, after you have given them money, you give them time but it is still by no means certain they will deliver. Apart from a mid management finance role at shell for 10 years, RSR has no history of delivering at this management level.
Yes, is the answer to your question, many AIM shares have performed worse or just a terrible as Range VIY, WAS,FJET, ASTA to name a few. We still have many assets and much potential for a very good future, we just need to give the new team time to turn this around over the next few months.
Mine wasn't heavy buying, but I have just bought another batch at .945. I am reading all the pros and cons (not understandfing all that much) but it seems there is a possibility that it could drop to .8 next week (in which case I will buy some more). On the plus side there seem to be many good things potentially happening and it seems to be a fairly strong management team being formed with assets and knowledge of how to break into profit and pay shareholders quicker that Sir Alex managed to turn United round when he joined. Or Lord MacLaurin at Tesco - people forget that there was a hostile bid for Tesco in 1978 from............Kwik Save. After Mr Shirley Porter nearly caused a landauslide.
my average is far above the lows of today. I'm just another frustrated investor who's fed up with the never ending fall in the SP along with the constant under deliverance from the BOD. It would be nice to hear some positivity surround this share for once, but I guess that's asking too much!!
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