Local ownership4 Sep 2025 11:32
Over the last three or four years the senior management, Board of Directors, consultants and advisors have gradually become to be dominated by Portuguese nationals. This has been portrayed as a positive aspect as it promotes greater ownership, buy in and local knowledge. Yet, the problems being faced by the company are all still local issues. Local elections, local resistance to the project, local land disputes and Portuguese institutional delays. This is laid out clearly in todays RNS. It is time that the Portuguese team started to demonstrate to shareholders their value by overcoming these local issues and delivering value to the shareholders who pay their salaries and who are getting very tired of waiting for a sustained share price improvement.