Well, it certainly wasn't the Directors buying any shares. Even after this issue the 3 Directors hold less than 4 Million shares ($80,000) between them, not a particularly good vote of confidence in their own company. Naturally they prefer to get income and free shares rather than pay for them like we have to.
After a failed sale of Lewis Ponds , the due diligence of which was queried by the ASX , no guidance has been given to improve the confidence of Investors. As someone who holds more shares (in hope) than the Directors (Who have knowledge) I would like a bit more reassurance that the Company is in competent hands to improve cash flow and growth into the future. Perhaps the abundance of assets we have is causing confusion and lack of direction.
Good luck to all other holders, let's hope this plummeting share price is temporary and corrected with good management.
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1 | 76999 | 0.012 |
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3 | 433329 | 0.009 |
Price($) | Vol. | No. |
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