Ann: Quarterly Activities Report, page-108

First 108 Last

Share
Profile

Follow
irynka

2,164 Posts.

322

22/01/22

21:47

Post #: 59065395
Share

Originally posted by JPGuru: ↑

I understand what you and other talked about adjusting the books based on movement on the price, however the issue here is that and few others also asked was that by November if not October they knew they needs to give back money and they also did calculations to dilute all of us by 30,000,000 shares which could have make them aware that they are cashflow negative for the quarter and they should have stopped shipping excess at lower rate and should have only maintained up to the tonnes that are secured by hedge to avoid cash drain. obviously they can stock pile the surplus for later year as many suggested previously even before this announcement came out. they should have informed the investors in November instead of boosting of completing 1m tonne shipped, also strip ration is price sensitive item if it is deviating from what was estimated to make margin difference. ... IMO.

One thing is for sure something is not right and as other mentioned they didn't bother answering any question as well during the conference call so why on earth doing conference call just simply issue the printed presentation... IMO.

They still have not issued EGM document and I hope they do it now so I can vote out everything proposed ... !

Expand

I am speechless as too many investors have already expressed their negative views. Also I listened to the company presentation.
I can say only a single word that their report is an absolute disaster in a number of aspects. They did care about their pockets of not thinking about the company investors being silent during their disastrous quarter.

I can vote out everything proposed too.

FEX Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

What's causing the cost-of-living crisis, and how to navigate it

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%