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
- Forums
- ASX - By Stock
- GOLD
- failure rate of juniour gold producers
failure rate of juniour gold producers, page-17
-
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online