I am confused - I don't understand why the BOD is chasing 500k ozs having bypassed the opportunity to be a profitable 100k oz company or similar? Is there a fundamental conflict of interest in that actually the BOD are not influenced by profit or by SP but simply by having a long term job that is well paid?
If it were me I would want to go at home at night feeling I had built a profitable and sustainable company while keeping shareholders informed with honest commentary along the way - instead they have told us one thing and then a different thing consistently and failed to be either sustainable or profitable. Am I naive in hoping their aims align with mine?
It is impossible to believe the 51% is anything other than the result of us being bent over a barrel and in desperate need of a big pair of braces to prevent our metaphorical pants falling down and exposing us to a nasty end.....
Re a plan B - why did we not sell a 30%, 40% or 49% stake... because we couldn't - or why did we not try and sell Nepean nickel project or TI for example to give us a multi-million dollar lifeline without dilution? This is a forced deal on the buyers terms and that is why fundamentally it is unpopular, however the BOD like it as it perpetuates their jobs.....for now.
As for promises made etc; that is ridiculous - when you spend $220 M and take 51%, you are in control and you exert that control - only a fool would believe otherwise or a bloke who wants to keep his job for as long as he can
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Last
13.8¢ |
Change
0.003(1.85%) |
Mkt cap ! $39.40M |
Open | High | Low | Value | Volume |
13.5¢ | 13.8¢ | 13.5¢ | $2.074K | 15.35K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 21133 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 67030 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 21133 | 0.135 |
1 | 3809 | 0.130 |
4 | 95300 | 0.125 |
1 | 7500 | 0.120 |
1 | 1000 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 67030 | 2 |
0.145 | 4928 | 1 |
0.150 | 454554 | 3 |
0.155 | 6500 | 1 |
0.160 | 107300 | 2 |
Last trade - 15.46pm 25/07/2024 (20 minute delay) ? |
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