neville_nobody...............
Rex are at the point where either they do something about retention or they close the doors
I reckon you're spot-on! The only place that REX looks like it's going at the moment stage is down I'm afraid.
The REX closing share price went from from $2.35 on 01 Oct 2007 to $2.12 on 07 Oct 2007, and this morning's latest ASX closing price for REX is $2.06.
Source:
http://www.asx.com.au/asx/research/C...Code=REX#price
Hardly the sort of performance to inspire shareholder confidence in REX's supposed 'excellent' management I'd have thought.
Personally I think it will be a great shame if REX closes it's doors, but that's the price that the company's going to pay if management don't get off their ar5es and do something quick smart pronto and offer REX pilots a better financial return for their skills.