AUZ 5.56% 1.0¢ australian mines limited

Marcus Resigning - CFO, page-31

  1. 4,824 Posts.
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    So apply the most basic logic- if those selling you the story don’t buy it themselves they obviously don’t believe it.

    Follow the money, as they say. I wonder where the Board actually do have their money? Quite possibly in interest bearing bank accounts like many of us peasants.
    Well said- he and Sophie are being dumped on for things others did. Sophia answered my one and only email within 24hrs, was polite, succinct & helpful.

    I think Marcus didn’t like what the future ( next 12-24 mths ), have in store here & left to protect his reputation.

    To AUZ in general- it looks like a CR will be coming Q1 2020.

    To the AUZ video ( London presentation ), - wow... Ben was fibbing right from the get to! AUZ minerals aren’t in Benz batteries!

    He then let the cat out of the bag which may be a large factor holding a partnership back- ‘we will have 2 mines & 2 plants’.
    Oops- sounds a lot like ‘we need 2 times our projected CAPEX due to our main tenements being so far apart’.

    Perhaps get real & spin one off? Tenements that are close enough can feed a centralized processing plant, those that are too far apart can become their own company.

    The Board needs more than 1-2 people to be replaced. The culture that has brought shareholders so low need to be broken. That won’t happen if a majority of those responsible stay.

    One man- Marcus or Les can’t change the direction of the ship on their own.

    @ptw mate that’s a good attitude! Live, learn and have a laugh! I first lost thanks to Rene Rivkin’s cheek back in 1997 or so...

    Live. Learn. Laugh. We only live once so stay healthy and keep a happy face!
    Last edited by ClockworkSmurf: 07/11/19
 
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