It seems to me that most longer term loyal holders are pretty annoyed and disappointed at today's announcement. Possibly it is time for Mel and the senior RVR team to stop and take a very very hard rethink on their relationship with their shareholders because at the moment they don't seem to have one.
They have promoted themselves as old school, experienced, totally focused and trusted hands but that doesnt help the share price or investor outcomes if those same people don't
achieve what they say they will
communicate regularly and transparently to shareholders
market the company
provide growth in SP
Mel no doubt is a great bloke but it is the same old same old, sparse news, wait for qtrly then the same message - trust us we are on the verge of change/great things that then stall - we are swimming in molasses
Who knows what is going on at Hillgrove - it is meant to be our uber exciting project - well if news is to go by or the complete lack of same it is a piece of SH#T
Mel and RVR seem to be great at promise but to poor delivery - we are here for a journey but also to make money and the journey is becoming painful and our money is stagnating instead of earning
There are plenty of other great companies out there and I for one have started selling down from what can only describe as one of my most frustrating and disappointing stocks I have ever been involved with
RVR have become their own worst enemy and the market is judging them harshly and rightly so
RVR Price at posting:
21.5¢ Sentiment: Sell Disclosure: Held