RE: Vametco Electrolyte Plant16 Oct 2020 10:54
It strikes me that there indeed should be some pro-activity by the directors to show the world the confidence they and indeed the company have in its future.
It would not need to be huge. Were the company to buy in , say 1million shares or better still £1million 's worth such action would show confidence in the company for the future, would bolster Treasury so the company could more easily provide shares to SA investors when listing on JSE , or wider investors if listing, better still on NASDAQ ( c/f Burford).
Such minimal action by the company would bollster the share price immediately now, not impinge on day to day and would yield a nice little earner to the company when it lists elsewhere , which it will, if it lists , as it should at a realistic share value as to which I shall defer to the Brokers valuations of the shares.
Tthere is an opportunity here , not only for investors with money, but also for the company , to make profit and after all FM HAS said that the company could do something about the share price. Time for him to do so!
In no way is this post meant as a criticism of the BoD as I am very happy with the fantastic progress made by the company over the years. The ONLY area where criticism is fair is their lousy PR-sorry the absence thereof!