AS2 5.66% 5.0¢ askari metals limited

Oh, that's so clever. So we held off getting tangible drill...

  1. 2,923 Posts.
    lightbulb Created with Sketch. 807
    Oh, that's so clever. So we held off getting tangible drill results for the last 12 months so we could dilute our shares at rock bottom and spend our next to no money buying up more tenements slightly cheaper? Absolute genius.

    You guys do know Andrada is right there between our tenements and has mountains of the good stuff? Whatever we pay, the reasonably prospect of spod on a tenement is 100% priced in. These agreements often have some upside for the previous tenement holder if we find something.

    You probably need to get some lessons on what it means to be a shareholder. It isn't being a sheep and blindly following the MD. Their risk is almost 100% asymmetrical. Its not their dollars going in, so they can take whatever risk they want. They share in the upside but not the downside.

    You don't have to look for excuses to justify behaviour that is not in your interests, or to critique performance that is lacking.

    The last I looked at the tenement map (Maybe 3-6 months ago), these were listed:

    https://hotcopper.com.au/data/attachments/5739/5739666-455af674da2f202787257e8f52a0811e.jpg

    https://hotcopper.com.au/data/attachments/5739/5739698-9c3f41bae71b9fa420a6c133e8a1b622.jpg
    If they are still there then I would suggest that map is not often updated.

    I am not aware of Askari having applied for any mining licenses, but I am doubtful its a long or difficult process to get one if its needed.

    As long as Gino is confident, all is right with the world. What could possibly go wrong?


    Last edited by InItEarly: 16/11/23
 
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