ADY 8.33% 1.3¢ admiralty resources nl.

management credibility

  1. 359 Posts.
    lightbulb Created with Sketch. 5
    Ok, so ADY lives to fight another day. But, how much of a discount will now prevail in this stock because investors simply don't trust management?

    I was astounded that there was no discussion of the rumour that PT had appointed one of the Opes directors to another company he is involved in a few months back. He has lost a motza with the share decline (and Opes affair), so think he is probably only guilty of showing a severe lack of judgement and operational ability - things he should be accountable for, given his generous salary.

    I have no idea what the new ADY will be worth, and neither does the market if today's swings are anything to go by. But do feel for all who have held loyally over the past few years only to be let down by this very desperate deviation from stategy.

    Good luck all.
 
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