Share
259 Posts.
lightbulb Created with Sketch. 40
clock Created with Sketch.
25/09/19
15:01
Share
Originally posted by SSPPMM:
↑
Well, you'd hope they must be confident the share price will be much higher than $1.35 by June 2020. An explanation of the conditions would be good, hopefully that will come shortly. But you can't help but think someone is looking after themselves here. Shareholders, including management, get a 1 for 200 bonus issue which really added nothing and now management gives themselves a free hit at more money. Not a good look in my opinion. Personally, I'd be happy if they told their brokers to stop playing with the share price, and let it trade on its merits. They really have to provide more information regarding the work in China. I find it hard to believe they don't have even a conservative idea of what will eventuate. Production being increased to 45k or even 60k tonnes per year and a contract price of approx AUD 3500 per tonne. You don't have to be Einstein. Maybe they are waiting for the brokers to finish a redistribution of shares, that might explain the share price antics of late. I cant see anything coming out of Florida within the next three months. An update on all possibilities is needed promptly not in a quarterly report at the end of October. Just my opinion.
Expand
I wonder whether this is the line in the sand for a future significant announcement. Board and employees getting an opportunity that will (with the benefit of hindsight ie June 2020) prove to be a great money maker. Just speculation on on my part.