Ann: Underwritten Rights Issue & New Placement Raises $6.8M-EXG.AX, page-30

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Bull#1

195 Posts.

02/09/16

07:23

Post #: 18875361
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Originally posted by Bakers Creek ↑

Perhaps Colliwobbles posts are too well informed for the liking of posters who prefer ill informed one liners. It seems that any poster who goes to the trouble of making factual and logical posts will be accused of being a board member -- or even worse -- of being "stark raving mad". It takes a brave man to hurl offensive insults from behind an alias.

Shareholders who have taken the trouble to inform themselves of the current situation could only agree with Colliwobbles analysis. Far from insulting him for presenting the facts he should be thanked for his contribution.

Particular note should be made of the risk inherent in voting against the AGM resolutions. Provided that the drive to place three poorly qualified directors on the board does not succeed EXG will remain in a sound position. The effect of voting against the resolutions will leave EXG very exposed should some unforeseen problem arise. Whilst operations are proceeding smoothly at the moment an event such as a mill failure, a major pit wall collapse or severe adverse weather could threaten the EXG's cash flow. Voting against the resolutions will leave the company unable raise funds and facing collapse. Norton will be forever grateful to those uninformed shareholders who will have given it the opportunity to acquire what is left of EXG for next to nothing.

To the person who is orchestrating this discontent I can only say --"Wake up before it's too late".

To Bull#1 I invite him to insult me to my face when I speak against the motion to appoint three unsuitable directors at an EGM should one be called.

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I'll go to the trouble of making a factual and logical post right now.
1. Worst performing gold stock on the ASX
2. Capital raising at 5 cents.

You can see why Bakers Creek/ Colliwobbles that any defence of management is hilariousIf these guys were working for you, you would have fired them a long time ago!

EXG Price at posting: 5.0¢ Sentiment: Hold Disclosure: Held
11 Upvote

0 Great analysis

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Ann: Underwritten Rights Issue & New Placement Raises $6.8M-EXG.AX, page-30

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