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tomorrow never comes
And it must also be said that through illness (cannot necessarily be factored), didn't attend the Year end results and did not provide so much as a statement or follow up in his absence.
So assuming investors do not hear from JA until the AGM, it'll be a solid 6 months where he's had zero accountability whilst pocketing >£300k
Another question to JA - in light of booming commodity prices in the last 14 or so months, you've overseen a SP decrease of over 50%, whilst not providing any news that will materially increase the SP. At what point does your position become untenable?
you're also just buying against continued declining production. Until there's material uplift in production then why would you? - based on the BoD attitudes to actually getting anything done, I wouldn't hold my breath on that happening
Too right too.
Something that absolutely baffles me is their complete disregard to undertake any kind of PR / marketing. Do they think they work for a globally leading brand, that requires no input from inside the company?
They truly believe that it'll be sufficient to release a quarterly report and expect the SP to improve.. I'm sure it will when the 4 people remaining invested in this come June read it.
the CEO thinks 6p is fair value yet with his 650k PA salary hasn't dipped into his pocket to buy any whilst under his watch the share has hit 1.43p and continues to trade 78% down on his figure.
Maybe he could have turned his zoom on to join in the presentation yesterday and given reasons for this
A very strange presentation of the results and company as it stands today. They reiterated their bemusement at the current share price (which incredibly, is further down from their previous presentation in Dec-21) but the company maintain they have no interest in PR or updating the market outside of quarterly / 6 month presentations / statements.
You can have all the broker ratings you want stating pie in the sky values but when the management continue to have an outwardly laissez faire attitude towards shareholders and company profile then we'll go nowhere.
Disappointing and back in the bottom drawer until they do some work and increase production
With a presentation of results scheduled for Monday and actual results most likely dropping tomorrow, just 1 trade today says all you need to know about the wider attitude to SENX and markets lack of interest.
The results need to be spectacular to get any kind of interest and value back into the SP. Anything else and we could be languishing for some time (IMO)
Hopefully it will in 2 weeks, Ian.
As I said last week, we must (underlined & in bold) be coming into a news rich period for the company. By their own admission in the November presentation, there were key company drivers being achieved in Q1 2022.
If they've all been doing their jobs behind the scenes and achieved/achieving those milestones then there should be a substantial SP increase.. but then this is AIM.