RE:RE:RE:RE:RE:RE:RE:NMX.TO share pricingYou’re right… I had an employer with the same ultra-positive-everything-will work-out-and-nothing-could-go-wrong attitude... those qualities are essential for developing a market and grow a company... especially when facing adversity. But they’re also the last thing you’d want in someone in charge of managing that growth! That attitude leads to over optimistic deadlines and timeframes which in turn leads to constant disappointments if (or most likely when) they’re not met. It was maddening for us in the company, for our financial partners at times and probably for some of our clients as well. You said it perfectly... you need someone in charge who can realistically manage expectations!!!
That being said, the one thing I wouldn’t hold against Guy is a lack of vision and follow through. He could’ve taken the easy way and just focus on mining and selling concentrates... or even just sell the farm to the highest bidder. But instead he had the vision of going the extra mile and decided early on to develop his own transformation process from scratch. That took guts, vision and the faith to follow through no matter what.
As for the price of the shares, I wouldn’t blame it all on him... 2 years ago they neither had a proven process nor the demo plant to showcase it. Lately, multiple external factors affected the SP as well (Trump’s trade wars, Morgan Stanley’s bullish report, etc…). But yes, the PR department and mostly Guy’s ultra positive big mouth did more harm than good during the last 6 months in that regard.
On another note, one basis of comparison I’m looking forward to in regards to NMX is the future FMC lithium spin-off…
FMC plans $500 million IPO of lithium business on NYSE in the fall Calgary_AB wrote: All the posibilities are there but they are just that "posibilities" now imagine for a second this:
Guy was a good business man and 2 years ago when most juniors trading at $1.50 (like Lithiumx) and they had nothing compare to NMX. NMX could have been at $3.00 at that time, all the progress could have built on the SP and today it could have been $5.00 or more...that means market cap loss...if the SP was $ 5.00 the financing would have been less harsh than it is now...
Bad management already show big time damages that are not easilly fixable. Yes it can start fixing from now on but a lot of damage has been done for the future life of the company.
A good CEO is not enough to discover he has value in the ground, he needs to make a plan and stick to it, manage expectations and exceed rather than dissapoint, budget time and money and always perform better than promissed, than investors like you and invest in your company...Guy is a joke...