'Trust in management'...are you kidding...thats the one thing I will NEVER do LOL. Learnt that mistake many years ago...probably most important lesson I've ever learnt.
If I trusted management of companies I wouldn't keep my beady eyes on them like a hawk...
Dont trust anyone in this game except yourself (and in some rare cases your broker...at least i trust mine)!!!
Take a look at 13 jan announcement...apparently part conversion of loan to shares was an endorsement of ATV project quality...now they are selling the shares. So their statement about endorsement, unless CRX is in financial trouble, there's a good chance that statement was BS.
As for CRX doing investors a favour...no they are not...ATV need to raise cash...I would prefer they did that at a HIGHER price, not at a suppressed price.
Regardless of my misgivings, cannot doubt the quality of their gold resource, so i will continue to hold my shares...and will top up once the Acadian uncertainty is sorted (as long as in ATV's favour).
Cdchi1
ATV Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held
