Ann: Private Placement of $1.4M Oversubscribed, page-4

Very, very, very disappointing from Argonaut.

The one constant with ARE over the past 10 years has been :
1. Dilution of one's shareholding
2. Maintenance and increase of director salaries/fees
3. Lack of announcements & communication
4. Sliding share price

10/10 FOR CONSISTENCY!!!

A $425,000 compensation was made to directors this past financial year (refer to annual report) for a stock with a $5.7m market cap.

It's about time our CEO Lindsey Owler showed the long term 'unsophisticated' shareholders a bit more respect, with more timely updates on the Torrens scenario, instead of update upon update on how our shareholding is further diluted with the issuing of shares to the 'sophisticated' investors.