they havent released any news on flows, and wont, until after the remuneration packages are voted in, and any director options are re-instated?
Why? because they might want say, same type of options in the rights issue, 25c, and wouldnt ask for them if they were in the money,
ie, so long as the sp is held down, at 13-15c, the options at 25c would get easily voted for.
After that, then you can expect the news flow to run, and the sp to climb.
Whos doing the selling, conspiracy theory says its a large suffisticated investor, who has the pockets, and the rewards from other placements, to look after the directors.
Bottom line is, use your heads, and IMO accumulate at these gift levels. Dont complain about it, just use others pockets who manipulate it to ride their coat tails.
Directors want the right to pay 25c later? Fine, i'll pay 13-15c now.
At the end of the day, if they show that the flows are there, and the revenue streams are back on line, then the going concern will be alive and well, and we will get re-rated back to a producer status.
ATM, 50mill mc, 90m EV for 250+ 2p, is on the very cheap side.
cheers
MAE Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
