Anything, anything at all to avoid talking about the lack of progress with this company which this announcement once again displays to me. Right from the day of the last actual AGM I’ve thought that the Board probably loved the disruption and used it as an excuse to shut things down.
If the supposed threat had anything behind it then why wasn’t the completely fed up shareholder dealt with by the police?
Despite the best efforts to deflect and distract from the topic which is the quarterly report which once again exposed the main aim of this company- to keep the Board paid ( if we go by the spending of over 50% of capital on themselves ), the silent majority aren’t kept away from considering the course of events.
These issues have been ongoing for years now and there is zero sign of improvement. It’s sad for shareholders. For our ‘loss offsets tax’ posts? Sheesh- a loss is a loss is a loss. ‘Phew- I didn’t make as much as I could have’ just doesn’t hold water.
Pure gold. Is Ramsden the guy that was brought on to get funding and then used as a bit of a scapegoat for the lack of progress only a few months later?
I saw SK spoken of as being the great saviour, then spoken of quite negatively once they left. I felt the same was done to the finance guy. I think the same will happen to LG and the contents of this quarterly have done nothing to change my mind.
All of my thoughts here are made in the context of this announcement.
AUZ Price at posting:
18.8¢ Sentiment: None Disclosure: Not Held
(20min delay)