RE:RE:RE:RE:My Take of the VotingI also find it quite amusing....when Davis talks about increasing shareholder value as the stock trades in the opposite direction!
lets go over CEO Davis and the NSU mgmt lies over the last year and translate what they mean...
1) "we will have a solution to the copper zinc metallurgy problem" by that they meant... It will take a year to resolve and its still ongoing ... Although improving.... They came out with that lie two quarters ago!
2) "we are comitted to the dividend, it is core to our value to our shareholders" by that they meant... Lets cut the dividend from 0.16 cents per share per year to 0.04 cents per share per year.... A savings of $36 million usd.... ($14 million usd pay increase to Davis )... Hmmmm interesting ...( yet the monies are going towards development of Timok)
3) "we are increasing shareholder value"
The stock never trades up two-three days in a row. The stock is at a 7year low. They cut the dividend... Is that creating shareholder value?
Cant trust this board... And CEO... They are raiding the till as far as im concerned...