Not that they care what their shareholders think (except when they're wearing Zegna suits and taking them to looong liquid lunches by the Brisbane river), but what we see here is a lack of positive sentiment, fuelled by disappointment that supposedly reputable management have made a very poor call on the success of the company.
What couls have been a very positive period in the Company's development, with Wolfram Camp's move to production and more exploration on other exciting prospects, has instead been cruelled with a sloppy, poorly-priced capital raising which severely disadvantages loyal long-term holders....if we vote against the SPP, we will be accused of 'hampering the company's development', but if we vote to approve we will be handing the Company to predators on a silver platter.
Whether the company gets swallowed up very soon by larger sharks, or proceeds down the long path to successful development of all its prospects, we should not forget that the chance to underpin the capitalisation of the Company at a higher level at this point in time was sacrificed by current management for the sake of pandering to their mates at BBY, and we have all lost money and confidence as a result....I hope someone presents this argument at the EGM in a couple of weeks.
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