It easy to see how some punters can do their money in casino asx when they are advising others to talk to management. Neil said this, Neil said that, Neil is confident...blah, blah, blah.
The speculative end of the market is a completely different game compared to the asx200. In particular with relations between Director's and shareholders. I could write a book on my experiences in this area. If you as a concerned shareholder contact a Director his primary focus is to keep you as a shareholder and he does this by reassuring you your gamble in his endeavours is actually a good investment. Lunch invitations, personal pledges I heard it all.
Personally I don't give a damn what Neil says or who he says it to. Talk is cheap and in the speculative end of casino asx it is the very cheapest ticket in town.
This stock is an extremely long term hold. I hope most shareholders are young folk and not retirees.
The only thing that really matters is not what our management think, say or feel. It's what they DO !
What value has our illustrious management produced for it's long term shareholders other than reassurance
OBL Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
