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0.9¢ tangiers petroleum limited

Ann: Notice of General Meeting & Capital Raising, page-49

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sami

20 Posts.

23/09/14

07:25

Post #: 14012933
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Originally posted by homeboy ↑

As I have long stated, the only people who ever made money in the stock were the brokers and the Management on $400k pa plus expenses.
This CR is a joke - I mean who in their right mind would consider investing in this diabolical load of nonsense. The firm is worth more as a clean shell for entry into the ASX, which is what happened to DVM essentially at the very start. All that anyone does here is pay for the Management to be salaried and have a free option to look for alternative employment. I do not blame David and the team, this issue all rests with that broker who forced EH out, that was the beginning of the end. Had EH remained and been permitted to diversify, the sp would at least been a lot higher than 0.006.. In any case, nothing to see here.
The only reason to buy this firm is in the hope it morphs into something else in the next 10 years and these shares might be worth something. Otherwise, utterly garbage stock here.

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Only way we can get some money is by using alternative options other than CR.
CR is only to make some of the Director's people happy. If they wanted they could have introduced share purchase plan where share holders will not worse off

TPT Price at posting: 3.8¢ Sentiment: None Disclosure: Held
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