First post here but have been holding this puppy for aeons and am deep in - every .001 pip sees me reaching for the boat catalogue. HOWEVER, flatlining whilst watching the glacial pace of this company, pre and post new management, is becoming tedious. I'm still in the green, and by God woulda, coulda, shoulda temporarily withdrawn some funds to place in some high flyers on my watch list in the past two months. Anywayhoo, this recent announcement has me on the verge of selling down the lot. A 'placeholder' announcement. Quite obviously. But honestly, if this new management are so cretinous to think a bit of fluff about 'positive vanadium mineralogy' is an ace card to keep us punters still perched on the edge of our seats, I shake my head. Positive vanadium mineralogy! Doh! No sheet! That's why we're here. Far better for them to have been mildly astute and just come out with 'yeah the JORC's taken a few weeks longer than previously forecast BECAUSE...something...something...possibly more exciting possibilities..blah blah..but, hands up, things have been delayed. We want to get it right because getting it right may mean a lot to the upside. Sorry folks but bear with us.'
That's the announcement they should have made. And lo and behold, all the flumps who are waiting to spurge and sell out on a 30% nano-second spike in the SP on the JORC announcement, leave the building. And now, instead of sitting on a robust 0.012 launch pad with the potential to breach 0.015, we meander down to .010 which will get hammered down once it hits 0.014. I ain't selling anyway just on the JORC release BUT I just might sell in the next few days solely because I now consider the management to be incredibly amateur. And these headless chicken trips to Germany to sign distributor deals for batteries. Oh please. Before this announcement, I felt they might add up to something. Now, I really don't. These guys feel like little boys more at home in a private company. They are certainly not in tune with how to run a listed entity.
I've only posted in the vain hope management sometimes read this forum. If so, please, please go and get a big boy signed up to the board who knows how to run an ASX company. Hey, even take a peek at a few of these shell companies currently heading the biggest gainers' board - they have NOTHING yet have bigger market caps and better returns. I wonder why that is???
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