Ann: Withdrawal of Intention to Undertake Rights Issue, page-37

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timmi

2,702 Posts.

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04/05/19

08:20

Post #: 38406667
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Originally posted by tuts: ↑

Well, from being 2-3 decades in the game, my experience sharply points to BoD losing their credibility among shareholders when you start seeing no-net-positive market reaction to some long awaited good news.

So, you may have Zillions of hard cash $$$ under and upto the ground surface or even loaded on trucks, but that means ABDOLUTELY NOTHING if shareholders and investors have come to lose their confidence in BoD being able to realise the potential and produce revenue AND translate that to value for shareholders.

This hiding (not being reachable), hybernation (long periods between updates) and missing deadlines all have led to shareholders and investors (rightly or wrongly) coming to conclusion that the BOD don't know what they are dealing with on the ground and don't know what they are talking about. They need to do a lot of hard work and be consistent to undo the SHs sentiment in regaining their confidence.

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i actually have to say im very happy with BOD. CR pulled and i think will be better received when some results from drilling have been announced.

if they sell mandini i think this would be a good result because beyond the zinc in the ground i dont see there being much lithium.

my feeling is they have kept themselves in the game and my sentiment now will be back to hold. i was planning on selling post results

MLS Price at posting: 0.2¢ Sentiment: Hold Disclosure: Held
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