PYX Resources: Achieving volume and diversification milestones. Watch the video here.
A slight amount of positivity here, things can only get better , etc. . However , they may well get worse before that happens. There is no urgency whatsoever from management to address the issues facing the company . It has been three months since they announced a strategic review , and the only news since then has been of a building sale for £4million odd....! Armitage stated in the interims that the board are acutely aware of how upset shareholders are, etc.... However, what on earth has he done to fix things ?! We are now a sub £60 million m'cap company and still there is silence .... Down almost 20% since the end of May alone! I have no faith in the current BoD at all.
Over the last couple of weeks and Highland is more or less stuck in a holding pattern? Test of $1300 shortly ?
giving a market cap of just over £61 million...... never thought it would go this low , but now thinking 30s are clearly very possible. no communication from the board in a quarter of a year, bar a piddling property disposal. really earning their big bucks , aren't they?!
last week alone, on top of all the other falls - relentless. down again today - now sub 45p! Armitage and the other directors have severely let down shareholders here. they are probably hoping someone will come in with a takeover at 60p which they can argue to shareholders represents a great deal. a nice pay off and they're done, off to wreck another company, no doubt. I reckon a great management team could eke out lots of value, but this bunch are utterly incompetent. 3 months since they announced the strategic review, and not a word!
Has clearly thrown in the towel today. Don't blame them or you - there is no leadership or direction from Armitage. The business is clearly struggling , and yet there is nothing to report on this review after almost a quarter of a year! Shocking on all levels .
Crashing again today.... Around 5% currently . This company is going one way under Armitage. Why aren't the institutional investors demanding change?! Think that's a new 8 year low today. Almost 3 months since the 'strategic review' was announced and just silence.....shameful behaviour from the BoD
Is utterly schizophrenic . So volatile , both up and down - large % moves on no news .
But never seems too popular judging from contributions to the board
Months since the half year results and nothing at all to report from Armitage! The man and the rest of the board need the sack. They are masterful at destroying shareholder value, but nothing else as far as I can tell
Has been holding for a long time now , but unless there is some good news soon I can see it heading into the 40s . Been over two months since the interims and not a word from the BoD - awful company run by an even more awful board