Ann: Annual Report to shareholders-MNM.AX, page-39

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colincj

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07/10/16

09:50

Post #: 19688576
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Originally posted by Mangohippo ↑

I think the new management have a bit to learn about the shambles they have inherited.....

It's becoming clear that most of the projects on MNM's list of "achievements" were just old crocks that stood little chance of ever coming to fruition, and may not be easy to offload.

Rather galling for long term holders to think of all the funds that were raised, and wasted, over the many years of IK's tenure. Even more annoying to think of his substantial salary over that time, especially alongside the massive destruction in shareholder wealth. Dilution on dilution.

Here you are, years later, basically back at stage one of a fledgling (and as yet poorly defined) project (MCO), with a cash-poor company likely to have to raise funds to get it off the ground.

I hope, for the sake of holders, that at least some value can be realised by offloading the majority of IK's pipedream projects and realising some value from the substantial investment in these over the years.

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Mango it didn't take a lot ,maybe for some to see what IK was doing to the company.
I first raised it at least 5yrs ago but was howled down,ill give this new mob a chance but so far must admit doesn't look to good. you would have thought maybe they would have put a bit of news out by now but there you go that;s MNM.

MNM Price at posting: 1.1¢ Sentiment: Hold Disclosure: Held
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