Hi Punter45 and all,
Prior to the AGM most of the posters in here where expressing negative comments on the management; however, the vote of confidence and performance rights was astounding in my opinion. I think it was more than just these new apparent sophisticated holders, I could be wrong as I have clearly been in the past!
I agree once they have about 5 Billion shares on issue possibly during 2018 a consolidation will need to take place and I believe this will come at a cost to all shareholders.
The Bonanza grades easily mined free Gold story has been taken hook line and sinker by the latest batch of shareholders, once they realise that this story never actually leads to anything remotely connected to mining they may change their point of view.
Until then I’m sure the only mining that may take place will be that of the share markets in Australia and London. I guess apathy can at times be an expensive option and it appears to me that some people are very adept at exploiting this kind of situation.
Cheers and very best regards: Andy
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