Ann: Aucu Gold Deposit-Exploration Update, page-26

I started reading a few of your posts but fell asleep.  They all just say the same thing.  We get the point.  You're capable of posting same main points over and over but incapable of just answering a basic direct question.  And to other posters who just keep bagging out company but don't actually hold any shares, why spend your life posting on some company you don't even hold?  Seriously?

Andy you've pointed out the faults of management, and I don't disagree with the points you've made about management, however you've neglected to mention the complete and utter stupidity of your own transactions in the company.

As recently as 10th of Jan this year you bought 21mil shares at 0.8c on market (through Macquarie Retail), yet barely 5 months later your selling your last shares at 0.3c on market.  For what purpose?  To prove some point to management?  It's a very expensive point to make just to get 4-5 people to agree with you on hotcopper (who don't even hold).  I'd say that's about $250k per a person that agrees with you.

On Feb 3 and 6 there was 137mil traded (VWAP) yet Macquarie Retail didn't sell any....

Any reasonable person looking to sell a 250mil share holding would have just sold on market in early Feb when there was big volume (e.g. Feb 3 and 6), or done a crossing while the going was good.   

If you had of crossed your 250mil at 0.9c - that's $2.25mil.  Instead, you're selling heavy today at 0.3c.  I'd say even management aren't that dumb and woulda crossed long ago or dumped on market at 0.9c.

Given you wouldn't answer my question I reconciled trades.  Your last substantial you had 200mil shares.

You sold the following:

June 1: sold 50mil
June 7: sold 30mil

Down to 120mil.  Possibly sold 5mil June 8, sold before today holding 115-120mil still.  Bit under 149mil traded today, I suggest there was plenty of buyers waiting around for you as you've completely shown your hand and become so predictable.  So I bought some with them.  Once you're out, 99% of the supply driving price down is gone.

So you can't have many left.  If you sell more tomorrow I'll get some more at these distressed levels.  Basically my point is you've spent too much time looking at managements faults (easy target - many faults I agree), and failed to actually do a bit of self analysis and see what can only be described as the stupidest selling I've ever seen.

Next time look at settlement from Feb 3 and 6, see which broker is buying, and arrange a crossing with one of these brokers for everyone's sake.

I can only assume as you've sold you won't bother continuing to post on WCN.

Best wishes with your future endeavours (and next time just sell off market)