Time to commiserate?It appears that a lot of people want to get out of this thing. I don't blame them at this point. I was expecting more from the management team. Pretty soon, we'll be reaching close to cash on hand thereby valuing their assets and potential ("to reach higher peaks" as Maguire keeps on touting) near NIL. Waiting another year or two for things to materialize is a hard pill to swallow. I opine Maguire was being pessimistic in his forecast on the call. I'm still expecting another contract coming down the pike at the end of the year - we'll see.
I'll continue to add, albeit in smaller chunks and wait. They'll eventually up the divvy to 1c. Their US assets might fetch a couple mill. They paid what? 8.2MM a while back? Hopefully, they learned something from their not so lucrative endeavour.
I wish management would take pay cuts in line with their terrible performance these past few years. Yeah, Covid was disastrous, but we've been out of it now for a while. Most other companies have had their V-shaped recoveries and this company still underperforms. Furthermore, the fact that they continuously grant themselves shares and options is a disgrace. If shareholders have to suffer, so should they. "Pay cuts across the board I say!"
Cheers and good luck to those hanging in there.
JJ