It's all a bit opaque with out a promised reserve up grade and mining plan we don't know if it will be beneficial to holders.
We don't know how long the mill which we all own a little piece of will be tied up churning profits for our directors.
Will we literally tread water for a year or 2.
Or will our cash position go backwards.
I have given the benefit of the doubt for a long time
regarding lack of promotion, capping of price and minimal communication but its culminating to create suspicion towards BCN.
We still have no action on the bloated registry.
Yes it is convenient that our directors can't spruik the merits of this transaction as they are far from impartial and stand to seriously gain.
I previously dismissed the theory that they may want to take this company private.
Can't dismiss it anymore!
So whilst we continue being capped they will use the company infrastructure to amass their personal war chest.
I believe its time to show our displeasure at all the above and push for a better deal!
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- Ann: Letter to Shareholders
Ann: Letter to Shareholders, page-42
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1 | 30000 | 0.019 |
Price($) | Vol. | No. |
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