Dargues dropped the share price from the start. We had hedged gold there at $2440/oz and the Q4 AISC was over $2800, so it lost us more money. If it doesn't start paying us some profit, and this quarter, then what should be the fate of Clifford? Dargues now owes us at least $210 million when you consider its current loss making, interest on loans and lack of interest on our money in the bank. Worse still is the drag on share price, and the horrific dilution of our shares at a cheap price without shareholder approval which stunned me even though it was apparently legal. It's not the way to be friendly to shareholders. We look to Federation, Kairos and Peak North, and Great Cobar for salvation. All these we've known about long before Clifford arrived.
AMI Price at posting:
43.0¢ Sentiment: Hold Disclosure: Held
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