AVB 0.00% 16.5¢ avanco resources limited

firm commitments, page-48

  1. 6,689 Posts.
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    Gentlemen and Ladies,

    As annoying that we sometimes all are, let's not degrade ourselves. I cannot understand how a certain poster changed from one extreme to the other overnight, but it obviously happens. Our share price sucks at the moment. That's the most annoying part.

    Can our share price go higher? After another 800 million shares being added on top of 500 million shares it isn't going to happen in a hurry. It will happen. In the meantime if some shareholders want to exit after being a one eyed supporter then who can blame them?

    What are the real reasons for them leaving we'll never really know. Let's not get high and mighty and righteous about it.

    With our learned directors hitting us with 1.3 billion shares that absolutely decimates any chance of reasonable return in the next 1 to 2 years, they then elect to add another 140 million shares for themselves that will reduce our potential share price gain even further.

    Directors have a charter to maximise shareholder returns. Yes it may be just over the horizon but for the last 5 years they have dismally failed to deliver. So where should we really be directing our energy to?
    Our directors or one previous shareholder?

    Before anybody starts putting up excuses for our directors, you receive rewards for what you have done in the past. Not what you may achieve.

    To get AN past the post came at a cost. That cost is borne predominately by the existing long term shareholders. Most of the existing shareholders own more shares than any of our directors but one. To only compensate a privileged few is not fair and what is the reward for? A share price of 7c? I don't think so. A share price of 15c? Let's wait until it happens first.
 
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