AAM/MMZ - Why bother?, page-110

  1. 208 Posts.
    lightbulb Created with Sketch. 25
    I think the fact that insiders have monumentally added to their holdings over the last 6 months, is somewhat encouraging.
    I think they now realise they've failed, as such they have stealthy pivoted back to CZ over the last 6 months.
    As insiders have scooped up a ton of exposure, I believe they'll make it clear that they're back into the CZ.
    Coincidence?

    As far as them joint venturing out various parts of our holdings, I think they tried but nobody was dumb enough to bite.
    Look at how they put lipstick on Malachite, and what a disaster that turned out to be.
    Based on the Malachite sales pitch alone, I can't ever believe any hype/positivity from Sam going forward; and I don't think others will either when it comes to getting into a JV with us.
    What absolutely kills me as a large shareholder is the fact that they dedicated 3 years to this strategy and it cost us ~AUD$30m.

    Mr. "meters drilled is not a KPI"... Ok then...
    Is a completely wasted ~AUD$30m a KPI? Why are staff getting incentive bonuses? Why are any bonuses being paid at all? Why is Sam on ~AUD$730k remuneration per annum?

    Please lord, make the imminent 2024 Exploration Program Announcement be titled as follows:
    "We're now prioritising the Central Zone to expand on the already existing 600k oz resource."

    All my uninformed opinion.
    Best of luck punters!


    https://hotcopper.com.au/data/attachments/6724/6724144-88e927ab410123c30dce26fd6bb36068.jpg

    https://hotcopper.com.au/data/attachments/6724/6724155-27e148f6b3626ea8cc0e0418dedd65ac.jpg


 
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