Yes Board had taken wrong decision issuing 3 times more shares than initially planned. But Board itself not responsible to bring down the SP at this level, their action must be the trigger but whole game is played up by market players and the one who just love to have profit and get out.
You can't just please everyone, what would you have done if more shares were issued to pattos client at 20% discount and they would have flushed out in the market. Here, management may taken wrong decision but actually SPP holders are the one benefited, either selling on market or by holding short-medium term.
If you think board doesn't deserve to run this company than one who doesn't understand resource fundamentals and technical benefits, doesn't deserve to hold or buy RMX. At least for now. Yes, not saying that there will surely be success, but except SPP mistake the fundamentals of the project and the company hasn't changes yet.
Please flush out your shares as soon as possible and move on guys :).
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- rmx on 13rd feb 2014
rmx on 13rd feb 2014, page-69
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0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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