"....Yes, the share price may pull back and significantly in these uncertain economic circumstances, but qualify why you think so in more than a throw away one liner...."
It's pretty simple, they didn't hit the big find JP spruked big time on paid media, the sp later crashed and ASIC should investigate who sold stock in that interim period, they then offered "free" options @ 25c which are now obviously worthless,
they have run out of cash and the CR will dilute your shareprice by 10% minimum, (if they get anyone to invest @ 18c) , and historically after such disappointments and a CR the SP drifts lower accelerated by those who did invest getting out when nothing happens.
So there's the facts, and on the other side of the coin they "might" find a Nickel mine, but so far the paid for advertised media rhetoric has significantly exceeded the reality, and that's the problem. How much shareholders money did they blow writing to everyone and framing the "options" deal? Hundreds of thousands I would expect. It was nothing more than bait. Why don't they spend the money drilling for Nickel instead of exploring for more shareholders?
Note I don't attack or abuse any person here I stick to issues only, it would be a better discussion if others refrained from personal abuse, it achieves nothing.
I'm not trying to convince anyone about anything, I'm observing an ASX listed company spending shareholders money. The "all hold hands and sing kumbaya" method of shareholders blindly praising everything the company does, inherent here and in many other HC company forums is a group think that does not keep the company directors accountable. Worse, it encourages waste and duplicity and can lead to corruption. You should continually ask more questions and expect more transparency, it's shareholders money.
You're right though ..we live in a democracy so I have every right to do it.
And because a group think culture here is so entrenched I would expect now a further barrage of insulting personal attacks, let's see.
Expand
