You're saying the same things, not sure how much you have invested but you are a hold.
At the moment there is no date for the listing, they are spending a lot of money, can't get investors, are not operating under with any protections to holders, adopting bonus and salary benefits at meetings with no regulation, and the list goes on and on
They are happily earning wages, paying contractors, and paying for expensive PR, the only losers here are the investors and they continue to lose. If your capital isn't appreciating then with inflation and other pressures you are losing.
If as a holder you aren't concerned by this then there is something wrong and then on top of that....
This is a fundamentally different business from what any investor knowingly bought into, they are using investor money without any say to completely change the model, what's your recourse currently if you didn't want to be involved in mining in Tasmania?????
Its just self-interest from management to Fastrack a project to keep the money rolling into their accounts and they are doing it without any ROI for investors. They shouldve given investors the option to cashout and if they wanted to stay and play then that's also a choice.
MYL Price at posting:
70.0¢ Sentiment: None Disclosure: Held
