We would agree; Ray Shorrocks did screw up RAU shareholders. In June 2011 there was the same investment risk in Bolivia as it’s today. However, he decided to raise $6 mill capital. Further, Ray did dispose the Australian assets to promote the flagship bolivian project (Oct. 2011), which was unsecured. From 1/01/12 till 31/03/12 (3 months) he spent over $2 mill dollars. What for? - Holidays in Bolivia? Someone has to be accountable for the company’s mismanagement. Let see how much is he going to return to shareholders.
BIG Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
