This Cr has been a huge Cluster Fk by this board
take a look at the chart
Just look at the volume in comparison to previous months
This sell down has been worse than the 24c CR so well done the elected board
You deserve everyone of those Oppis just issued LOL
I put a chart up similat to this in our group back in september time and i highlighted the
Fair value gap at 7c - 7.4 c seen in purple and here we are present day dropped into it LOL
We have never for a very very long time seen liquidity that we are seeing post this CR the only problem is its the type of liquidity that we dont want
its to the DOWNSIDE ( but no dumping lol )
Now this is like a double egded sword so to speak because we not only have to wear this volume to the downside which is hurting and taking its time
But once the dumping is finally finished all that liquidity that has been absorbed that you can see in the volume box below
This will then be sat wating to come back at us on any move back to the upside or on great results
Yet THEIR DECISION WAS WHAT
To do the CR at a lower SP so as not to surpress the SP by doing a CR post the results and to let the SP run
But what they have actually done is put double that amount of shares out there at least by not raising at a higher SP
and in doing so all this liquidity to the down side that we are seeing now that has put the SP under immesnse pressure will be sat waiting in the wings ready to be offloaded on results
Therby giving us a double dose of what we are actually witnesing now only to the upside
Yeah very well done to the elected board should be sacked dont know about being rewarded
For bringing about the biggest liquidity event for years that we have seen with absolutely no appreciation of shareholder value
Lets hope the story will get better for all our sakes
I suppose with them saying Res 7 will raise its ugly head next AGM one can only assume we will see another CR to sophs that will be aligned with their positions
With regards to the AGM and the statements about we need to comunicate more and act accordingly
WHAT A JOKE
How much more communication do they require
A first strike and 135Mil voices against the the issue of the oppis saying we do not appreciate this culture
They could have removed those oppis from the RES just like they did the other two but they didnt which says to me its all talk untill we drum up support to the point as we have no say
This reward system and cash bonus style is here to stay full stop
GET USED TO IT
WHAT A JOKE
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