AGY argosy minerals limited

Ann: Annual Report to shareholders, page-36

  1. 5,021 Posts.
    lightbulb Created with Sketch. 2157
    By the way, you're a bit late to the party at this point. It's become clear that the Top 20 list on the annual report is all f*cked up, so we have no idea what ATL are holding. In the absence of any evidence to suggest they've been selling, I think it's a fair call to concede that they're probably still holding their original parcel.

    But of course this latest f*ck-up just raises more issues with the competence of this management team. If they can't get the holding numbers correct, what else is wrong in the report? Maybe it was the CFO walking out the door right as the report was released, or maybe JZ was distracted by the latest directorship he's recently taken on. Or maybe it was their recent decision to go with a cut-price auditor in order to save money.

    Either way, it's just further evidence of gross incompetence where this company can't even get basic reporting correct, even with the help of an auditing team.
 
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