RE: No News Yet31 May 2024 16:07
With no word from company and the concerning news articles I am not surprised investors are frustrated. Woodbois missing their own deadline to post the audited results is bizarre, is the new CEO incompetent as the news articles infer or have the auditors raised issues causing delays? The share price since this CEO took over has tanked. A lot of investors see this as an ESG stock and yet the company does not address the news articles that raise environmental and ethical concerns.
When they eventually do give us the audited results, I would hope the address the following:
1) This lost government contract that is in the news for delays and non-compliance of quality standards
2) Address the reports in Gabon of financial difficulty
3) Update on the $5m finance, they announced signing the term sheet in early February but we still await confirmation they have the facility in place
4) An update on 2024 production, especially given reports of employee strikes
5) A full update on the carbon credit project
As 5h1t-or-Bust says, The silence is deafening. When companies have good news they shout it from the rooftops and when there is bad news; tumbleweed