quick update on AAM
they are no longer AAM but 'Stone Resources Limited' (good from a marketing angle)
debts are paid off (great)
board almost completely booted away (fantastic)
The 'new' company is now no longer in the control of SHs that are not affiliated with the parent company Stone (TSV listed company). My guess is that SHs will now get nothing as the controlling influence will just squeeze them out (bummer)
Unless I'm wrong Stone Resources is dead for minor shareholders. Oh well ......
Ultimately there were a thousand reasons for the incompetence to be dispensed with through a white knight saviour.
I now only buy gold!!!
GC
failure rate of juniour gold producers, page-17
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