AAR 0.00% 13.5¢ astral resources nl

resource upgrade, page-70

  1. 3,815 Posts.
    Just wanted to make one final point(s) and then I'll sit back see what eventuates.

    To be very clear, I DO LIKE the potential of our leases, but I have been desperately trying to engage folk in sincere discussion about our company.

    After all this time, soundbites are simply empty phrases to me - and I suspect many others.

    These "shrewd old foxes" may well wind up making themselves and us a good deal of money, but when we overlook past failings to fully inform, surely we give them more credit than they have earned.

    Just over 12 months ago, when asking us to release more funds so that management could have the potential to increase our director numbers, one of those 'shrewd old foxes' told us that "there is now a reasonable expectation that the Company is going to pursue early success from its gold and base metal projects with a commensurate expectation that the non-executive directors will be called upon to allocate an increase in both time and concentration on the Company's prospects".

    The above quote is clear, pretty concise and extremely positive in its wording.

    Now perhaps in shrewd old fox time, 12 months is a heartbeat. However, to the rest of the world, I'm fairly sure this is an inordinately longer period than the market, would, or should have been anticipating.

    I sincerely applaud folk like EE for their unwavering faith in management, but short of having first hand knowledge to appease one's logical concerns, what doesn't make sense to me, what I'd like to put forward, is this.

    Whilst understandable to a point that AP has always hated DT's, with what has transpired over the bulk of the journey, wouldn't it be just as appropriate for someone else to say that AP appears to like Long Termers even less, even though he is one himself!

    An illogical statement in one way, I know. But having read the above quote from 12 months ago, it makes just as much sense!

    I hope for everyone's sake the result of the Scoping Study is such that it speaks for itself in a positive way.

    Good Luck
    RM
 
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