Hello All,
My goal is to recover my money (invested at 40c when Lithiumworld was pumping it all over twitter - telling everyone to buy) which was my stupid decision to invest. I can see ways forward as I have posted. Other posters have liked and agreed with numerous of my posts.
I do not see how recommending AJM cut costs and not increase expenditure like AJM has done makes someone a troll. I thought that was prudent money management.
Did anyone get a chance to go through the annual report that has some experience in breaking it down.
In my opinion a monthly shareholder update would be useful as it sets the message with the market about what is going on. I do believe we are a much better run company that PLS.ASX. Their plant is still not operating after almost
3 MONTHS - or African companies they live quarter to quarter constantly raising money !! At least our management team built a plant that can produce a product.
So yes hats off to our management team for doing a terrific job in getting a mine up and running. All I am proposing is some very short term cash management conservatism that can be reset as soon as the company is in a stronger position.
As they say where PLS is concerned only need to look at the prior experience of management at AGO.ASX to see what happens next.
I genuinely want to see the company get itself into a strong financial position. The capital raise is clearly necessary and obvious by a director needing to provide emergency funding. I also think if we do not drop the capital raise price then there is a chance that it might fail that will put us in a worst situation.
I am not going to subscribe while the share price is lower that the capital raise price. This just makes no financial sense - probably makes sense to
@foocaHave a great weekend all,
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