Thanks for the last paragraph, appreciated
.. I always call it how I see it, well as best I can..
Yes it’s a shame but not unexpected, unfortunately, for many reasons..
I’m going on the record here and state that novices who don’t understand the technical aspects of an asx listed junior explorer announcement, and don’t seek advice (I don’t mean hotcopper/internet advice either) to understand what it means, are just wasting their time and capital..
I used this analogy in another post on another ticker a couple weeks ago, but I think it has some relevance here:
Who sits at a blackjack table and places bets without understanding the rules of the game, then proceeds to get upset at the dealer when they don’t win? Now I get the broad casino analogy, but my point about novices remains the same..
I agree with parts of your point, but semantics are key here. Yes inca haven’t discovered anything resource worthy yet, but they’ve delivered plenty of opportunities and potentials for shareholders.. For traders? Well that’s entirely perspective based..
Have they failed in riqueza? I wouldn’t call it a failure, but I personally believe that riqueza has a legacy attached to it, and therefore it may never be.. so purely in the context of an asset, I believe it should be disposed of and all our focus should be in Australia.. but that’s another conversation..
As far as buyer beware, yeah there’s been a lot of capital injected over time, and many here are holding bags, that’s the hard honest truth... But that’s the nature of both the asx (see my first point) and the exploration game.. But have you seen some really poor performances? I have plenty of times, look at newpeak metals as an example, the ceo is interim and is paid 5 grand a month to do literally nothing, look at the quarterlies.. Want another? West wits.. Another? Metalicity.. Want a couple outside of exploration? Spenda and Oncosil Medical.. I could go on and on..
Look at what there remuneration packages are worth, what they do with capital and what they’ve done for shareholders, what have those other delivered?.. Inca has nothing on those companies, the board for the most part spends capital on what they say do, they as little as possible on corporate costs and employees, even spreading into two consecutive agm years haven’t even issued the approved capital they could’ve..
So yeah bash the company in your posts, I have no problems with opinions, but when it comes to opinions everyone has one, but very few have evidence based ones..
