Totally agree Nijiman! Remember this line that use to appear in...

First 6 Last

Share
Profile

Follow
richdes67

150 Posts.

13

16/03/22

19:07

Post #: 60234147
Share

Originally posted by Nijiman: ↑

The last update of this was in October 2020. Nothing has changed since then.

In the face of such a well documented history of failure over the past 15 years i don't hold a lot of hope that anything is going to change. They must have spent more than $110M of share holders money over that period. With absolutely nothing to show for it. If they had even come up with some small deposits ( economical or otherwise ) in that time then it might be easier to cut them some slack. But the chronic haemorrhaging continues unabated. As i have stated in the past i think the company mantra of looking for elephant sized deposits assists in having a ready excuse for consistently failing.

The last 15 Capital raising's. A very clear trend here..... wealth destruction !

2007 @ $0.105
2010 @ $0.09
2011 @ $0.13
2013 @ $0.075
2014 @ $0.035
2015 @ $0.0725
2016 @ $0.02
2017 @ $0.012
2018 @ $0.01 ( March 2018 )
2018 @ $0.0091 ( November 2018 )
2019 @ $0.0086 ( February 11 )
2019 @ $0.00672 (May 02 )
2019 1 for 12 Consolidation ( July )
2020 @ $0.072 ( September 2020 ) or $0.006 pre consolidation
2021 @ $0.059 ( September 2021 ) or $0.0049 pre consolidation

Expand

Totally agree Nijiman!

Remember this line that use to appear in most media announcements - "create shareholder wealth through discovery" ??? At least the finally stopped using it.

But they should edit and reuse it - "create director and management wealth through discovery of new shareholders who are foolish enough to invest" ... I've been one of those for 17 years so let that be a warning for others.

SRI Price at posting: 5.1¢ Sentiment: None Disclosure: Held
3 Upvote

2 Great analysis

Reply

Top Stories

Talking Australia's very competitive property landscape: Realty Talks

AMI

First stope ore could be pushed back to Q2 FY25 due to flood-like event: Aurelia

AI stocks: What to expect in 2024-25

ASX Market Open: Aussie futures fall on overall weak night in the US

ABY

Adore Beauty FY24 revenues up 7.4% YoY to $196M

There are more pages in this discussion • 5 more messages in this thread...

First 6 Last

Add SRI (ASX) to my watchlist

(20min delay)
Last 1.7¢		Change -0.001(5.56%)		Mkt cap ! $3.878M

Open	High	Low	Value	Volume
1.7¢	1.7¢	1.7¢	$81	4.751K

Buyers (Bids)

No.	Vol.	Price($)
1	1250	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.8¢	8209	1

View Market Depth

No.	Vol.	Price($)
1	1250	0.017
1	6250	0.016
4	826611	0.015
5	1152000	0.014
5	611920	0.013

Price($)	Vol.	No.
0.018	8209	1
0.019	17044	1
0.020	325063	3
0.021	193311	2
0.022	44218	3

Last trade - 12.44pm 18/07/2024 (20 minute delay)

SRI (ASX) Chart

Totally agree Nijiman! Remember this line that use to appear in...

Talking Australia's very competitive property landscape: Realty Talks

First stope ore could be pushed back to Q2 FY25 due to flood-like event: Aurelia

AI stocks: What to expect in 2024-25

ASX Market Open: Aussie futures fall on overall weak night in the US

Adore Beauty FY24 revenues up 7.4% YoY to $196M

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Totally agree Nijiman! Remember this line that use to appear in...

Top Stories

Talking Australia's very competitive property landscape: Realty Talks

First stope ore could be pushed back to Q2 FY25 due to flood-like event: Aurelia

AI stocks: What to expect in 2024-25

ASX Market Open: Aussie futures fall on overall weak night in the US

Adore Beauty FY24 revenues up 7.4% YoY to $196M

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News