AKO 3.57% 14.5¢ akora resources limited

Ann: 2021 Bekisopa Drilling Programme Update, page-4

  1. w27
    2,456 Posts.
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    You should look at the history of this company. It has been around about ten years, mostly as an unlisted public company. The early investors have lost most of their money. The same suspects are still in control. The only ones to get out of the original bit with a satisfactory financial result were the directors who took no directors fees during the initial phase but accumulated the substantial fees. Then, when they already had the float organised, but before any announcement to shareholders, asked for approval to issue shares to cover ten years of accumulated directors fees and some expenses at a price half the float price. Then we had the hype and the shares went to nearly twice the issue price. Meanwhile long term shareholders were left hanging. You should always look to the past performance of directors of anything you invest in.
 
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