ATU 0.00% 0.5¢ atrum coal limited

SUX, page-30

  1. 20 Posts.
    You will note:
    Quarterly Operation Report due by 31July 2015
    was not released with the other announcements this week.
    This "should" contain more relevant "Operational" information ........
    hopefully an update on the Bulk Sample Permit etc.
    but don't expect it will be released until after close on Friday.

    I am thoroughly disappointed it took 8 weeks to announce a piddly $5m cap raise.... which has routed the Market Cap by ~$90m. Not handled very well in my view.
    8 weeks ....... Not happy !! The documentation and internal approvals for this could have been done inside a week, competent advisors have proformas for all this ready to go on a fill in the blanks basis. There are other issues in play IMO. Couldn't we get one of the very keen offtakers to stump-up some cash ?
    The apparent lack of disclosure has big consequences for us "little" shareholders, as we have seen with SP on "no news" only CR.
 
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