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5.7¢ suvo strategic minerals limited

Ann: Half Yearly Report and Accounts, page-9

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and31y

276 Posts.

42

01/03/19

12:01

Post #: 37619069
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Originally posted by mpr505: ↑

Yeah, I am. Any announcement is a good announcement because it is communication. Sure, they have been a bit quiet lately, but as most people will know, there are legal requirements for any business to conform to Australian legislation. Lying to or misleading shareholders results in investigation by certain government agencies, and penalties can range from fines to lifetime directorship bannings and even jail time. Any company that chooses to list or operate in Australia is subject to these conditions.
So I don't think UTR would be stupid enough to make false claims in their audited reports just to screw over their small shareholder base. Each executive in this company needs the business to succeed if they ever want to hold a decent position in any other company, in Australia or anywhere (based on reputation). If any of them blatantly abuse the system or lie to investors, it's game over for them on so many levels.

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I agree with you. I don't want this company to lie to us, but when they set deadlines, they pass, and then we get info as a foot not in the half yearly, that's not great communication.

I still have faith in the company, but I just think they could keep us in the loop a bit more. If they know something isn't progressing as planned let us know.

UTR Price at posting: 0.6¢ Sentiment: None Disclosure: Held
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Last 5.7¢		Change 0.004(6.60%)		Mkt cap ! $54.68M

Open	High	Low	Value	Volume
5.3¢	5.9¢	5.3¢	$27.31K	493.3K

Buyers (Bids)

No.	Vol.	Price($)
1	45454	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	100000	1

View Market Depth

No.	Vol.	Price($)
1	45454	0.055
1	245710	0.054
1	100000	0.051
1	200000	0.049
3	425000	0.048

Price($)	Vol.	No.
0.058	100000	1
0.059	200000	1
0.060	368666	4
0.061	469970	3
0.062	566795	4

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