It's comments like these which are misleading, and that is putting it politely. If you're going to have such strong opinions, you should, at least, know what you're talking about factually, legally, and financially.
There is a completely new set of management. This management team had nothing to do with NML, other than Gurry. Gurry was brought in at the last minute, to try to salvage the situation. He did not consider that NML should go into administration/liquidation, and that it could have been resolved. Gurry wasn't calling the shots then; he is now.
Gurry didn't need to ring fence the majority of the raise for exisiting NML shareholders, but he did.
NML was a catastrophe at the end, it sucks. I've been in situations like that myself. In saying that, I know who and what to blame (sometimes, it's me!); it certainly isn't someone who has done his utmost to ensure that exisitng NML shareholders were looked after.
Where was everyone else when NML was in administration and NML shareholders' value was literally zero $0??
Gurry convinced a number of people to put money up in the form of a con note to salvage what he could. Their DOCA proposal was the best of three.
Let that sink in, only two other parties were fighting for NML's carcass, and for whatever reason, they didn't value it even as much as he did. If those other parties had been succesful, you wouldn't have had any opportunity to invset in the re-vamped company.
Stop blaming Gurry and the current management. It is not only erroneous, but it makes you look like muppets, because you (1) are complaining about something that cannot be changed, (2) are complaining about the wrong people and issues, and (3) were given every opportunity to invest at the re-listing raise (which if you had you would already be, on paper, up 50%).
Watch the video that was posted up earlier. AKA have a great plan - 330 days of continuous drilling. They are going to focus on Stawell and Tandura, but they're going to ensure that all the projects get some TLC. With that sort of campaign and the gold price at record highs, this could be a very exciting 12 months for AKA. I for one am looking forward to seeing how it unfolds.
Expand
(20min delay)