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12:35
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Originally posted by vcr999:
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GWR is going great and is in a fantastic position moving forward. Many of these are minor issues and more a matter of principle to keep our Directors on the ball .No one has been more supportive of GWR over many years and I have bought more GWR shares than anyone over the last 2 years so I am sitting on massive paper profits at the moment. I expect a great announcement on Friday that should lift out share price. The last time we were suspended for 10 weeks expecting a huge asset sale. Management delivered a crappy very small deal with Gold Valley Iron. I am worried that Adrian Costello who has no skin in the game has seen our share price rise massively over the last Month. So he may accept a low ball Cap rising price which will still raise money. If he was a part owner with even 1,000,000 shares his decision making skills are affected as he becomes a part owner and the price has more meaning. AS he has no shares he would feel bad not buying in say at 6 cents. Subconsciously when he eventually buys in he would prefer the lowest possible price. This ethical situation is why a CEO or future CEO should be a large share holder. He has been here for 26 Months and I have made my thoughts known many times on this issue.
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Thanks for explaining - I get it. I'm hoping for some positive news as well. Got in at about 0.14 and was hoping for some positive news by now about Pilbara deal. Will have top wait and see. As long as iron ore prices hold up I know this will be a gem of a stock moving forward
