"Don't think BC needs such basic strategic advice."
Correct, he knows it's best for AEV's investors to get the SP higher before a CR, BUT will he do it????
Never underestimate a Boards desire to look after its own interests before that of it's shareholders.
I've been reading what's going on over at SYA. In summary, its current CEO is pretty much detested. The guy that oversaw the fall of AJM is now in charge, reaping 100's of thousands in salary, loaded up with freebies, selling half his resource at a massive discount and failing to communicate with his shareholders about the overall direction of the company - it's SP has been plummeting all year and looks to be heading under 8c next week. The most recent CR was at 18c - apparently he hasn't even updated his investors about the company's 1st shipment. The company is a toy for shorters and weighted down under an unbelievable 10 BILLION SOI. In short, a catastrophe.
Brett Clark has been promising a DSO(s) for ages now and MUST pull this rabbit out of his hat BEFORE the inevitable CR for the benefit of all his longterm shareholders and for the company's own standing. Once the Market sees that AEV is about to start mining this SHOULD be the catalyst to inspire more investment not only from retail but institutions as well. It will generate buying pressure and get our SP where it should be because people will see AEV is serious, genuine and determined - attributes that are sadly lacking in many an ASX listed company.
GLTAH.
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Price($) | Vol. | No. |
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