AW1 american west metals limited

I respect you having a differing opinion to me even if I...

  1. 2,858 Posts.
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    I respect you having a differing opinion to me even if I disagree. I strongly believe that companies exist to make their shareholders a return, so I am actually supportive of people holding management accountable.

    But I also see the other side of it which just does not paint a malicious story to me, it seems like they overextended to really try and bring home results because they were under the pump from things going poorly previously and the gamble failed horribly with them needing to raise.

    I do not like the recent raise, I understand why they had to do it to avoid running out of cash but it has seriously eroded shareholder value.

    I just think it's more of a usual ASX case where the brokers act predatory and the company is the prey. Can you see them successfully going to retail at that time instead of the brokers and raising? I don't, very few people had positive sentiment or even cash in this risk-off environment.

    And the brokers also operate under understandable behaviour (even if we don't like it) because they are there to extract a return for themselves risk free.

    It's a shitty situation but there is still plenty of positive here if my thesis is right and management made a mistake vs yours where you believe they are not acting in our interests.

    It's worth considering alternative perspectives and in my scenario, they can learn from their mistake and make sure to never be in that situation again where we take un-needed dilution. There is also a huge opportunity for a bounce from here if the surface drilling incorporates well into the MRE. There are some pretty positive hits this year as well so I optimistically await that.

    Consider that right now it's 38m MC give or take. There's quite a lot of potential in that with the strategic nature of indium and the vast scale of storm. If the DSO ends up coming good it would completely reverse the situation. What happens if Dave was not fibbing and the DSO comes online at a cost of under 50m? Then we're free to explore the vast landholdings of storm.
    Last edited by Giovanni33: 25/11/24
 
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3.3¢
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