I’m with you crabpestHow can this be allowed when you have a...

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15/02/24

22:51

Post #: 72433438
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Originally posted by thecrabpest: ↑

You mean salaries and junkets for the old boys club?

There will be over a billion shares on the register by the time any of the opportunities come to fruition, unfortunately.

What an absolute disaster, and I truly feel sorry for all holders.

The company should be investigated further for the pump before the capital raise, but we all know ASIC and the ASX are useless.

Mt Marion was sold for cents on the dollar because Chris thought he was smarter than the rest of the market, and whilst recycling is a good strategy in theory, it has been a disaster in reality.

The only comfort I take is Chris has decimated the wealth of his family and their associates, and I truly hope they let him know how much of a failure he is and how much he cost them every time they see him - because he won't front up to shareholders to hear the hard truths.

I hope you read this Chris, and I also hope you get an ulcer.

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I’m with you crabpest
How can this be allowed when you have a pillar of virtue Like Steven Cole as a chairman.
Cole has come under a Reed trance blinded by the spell of a company strategy that is a so called game changer.
I would say that Reed Resources//Neometals has raised from shareholders around 150 million dollars and paid out some dividends. The net result is poor.
Chris Reed and Jason Carone are the inner circle of this company and would have between them recieved 20 to 30 million dollars in remuneration over the years.
Surely enough is enough and any existing holders will be contacting ASIC or just selling up.
This one needs to be shut down

NMT Price at posting: 15.0¢ Sentiment: Sell Disclosure: Not Held
7 Upvote

0 Great analysis

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