Hi Rhino
I think a lot of my first post may have been taken the wrong way.
Now that I know the Browns have been trying but not succeeding in getting an audience with management I can now see why BigDaddy 77 kept saying management had to go. I had seen BidDaddy's ongoing attacks on management as a threat, especially as the SP seemed to be sold down anytime there was an upward trend. I'm now seeing that in a whole new light!!
Looking at the bigger picture it seems we need institutions on the register to meet financiers terms. I very much doubt these institutions are going to invest $10mil or so in a miner with no income just because the retail investment sector has driven the SP and market cap to unrealistic heights for a company with no income that has a huge capex to raise before it can even start looking like a miner.
Any institution the board can entice to invest will want to do so on their terms. I dare say not the terms of us dumb retail investors who see a rising SP and think it's truly reflective of the underlying value of the company.
Tng is still high risk. It may still not happen. As clearly outlined in the SP offer document. Nothing is guaranteed.
And before I get attacked for being a company spokesman. I am not in any way tied to the company. My believes are based on my own research and my still held believe that management is working for the ultimate good and success of the company and making the necessary decisions based on what they have in front of them.
There may be other factors that I don't know about, but that is how I see it.
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Open | High | Low | Value | Volume |
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2 | 212000 | 0.049 |
4 | 520000 | 0.048 |
1 | 250000 | 0.047 |
2 | 46000 | 0.046 |
Price($) | Vol. | No. |
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0.054 | 482679 | 1 |
0.055 | 55000 | 1 |
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