Yes, well blah blah's aside, I hold a large chunk of shares, and when I first bought in, it was estimated that the fair market value was around $0.51 per share. The average price of my shares are around $0.21. And over time, the Directors have been issuing more and more shares, while in the quarterly reports saying how well thing are going and then issuing more shares and raising more debt and issuing more shares etc. There are now two billion trillion AJM shares out there which promises what sort of dividend return on an investment return of who knows what.
I'm a old worker with a little investment fund, not a high flyer finance type, and I was hoping (yes, naively) that a lithium mining company could dig the stuff up, sell it, make a profit and provide a return to investors with the shares increasing in value over time, just like most other bushiness on the ASX. Instead, we have this fountain of share issues, increasing debt, for who knows what and the only ones sitting pretty are the Directors. Answer me that.
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Yes, well blah blah's aside, I hold a large chunk of shares, and...
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