SWK 1.49% 33.0¢ swick mining services ltd

What to expect

  1. 124 Posts.
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    t will be interesting to see what Kent comes uip with next week.

    Perhaps the first thing he can do is apologise for the performance of the company over the past 10 years with the share price down about 70% in that time during a period where the market has reached record levels and the mining industry has gone gangbustgers.

    They have already told shareholders about the level of activity, revenue etc so how about explaining that the hell is oing on with Orexplore. They have spent more than $30million on it for no result. Why isn't anyone using it? How to they hope to float it? What do they think its worth? How do they hope to recover the money spent on it? What happened since the new manager was appointed?

    It's time to tell the truthj about what appears to be a financial debacle that would claim the scalp of most managing directors.
 
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