If you go back to the Uranium days when this company was given a second chance to monetise some of their US assets for $12M cash and all they could do was reject the deal outright, you know that management are USELESS. A great manager knows their own capability, whether they are mine builders or explorers biased. Malone is neither hence all he ever did was use they CR to keep his job as safe as possible, making promises to keep new breeds of rosy eyed investors enthusiastic.
Just look at their plethora of commodity so called exploring. They have gone through the periodic table of commodity to explore but there is never any been focussing on any. Just following the next fad of commodity and using the dilution to keep raising capital. I eventually saw through his BS and lost some money but had I stayed longer, my investment here hefty by my standard would have been wiped out.
ARK Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
