MYL 0.00% 70.0¢ mallee resources limited

Ann: Completion of Placement, page-25

  1. 141 Posts.
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    Repeat of my post on another thread.

    I think some of you are being quite unfair.

    Let's face it, the company and its shareholders are very lucky to still be alive after the Myanmar debacle.

    I think John and his colleagues are doing an outstanding job getting the mine operating again and to be shipping concentrate so soon.

    That said, there are several areas of concern – this is basically a private company, controlled by Hartree, the board needs beefing up, weak cash position, 265,000 directors fees way way too much for what is essentially a start up.

    All the negs being said, we are still alive. John and Jeff, (with his extraordinary signature!) need max support.

    As in everybody here doing their best to bring in some powerful shareholders to face off against Hartree.

    PS The original sponsors of the IPO with its thousand page prospectus should have their butts kicked all around Australia – outrageously poor
 
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