Dale's altruism is commendable.Hes doing it for Tassie and the...

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Comptonfarm

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06/10/21

23:32

Post #: 56617719
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Originally posted by VatreniHR: ↑

I disagree with Comptonfarm. The calibre of holders are immense and I doubt they'll conspire to undermine other shareholders, especially when you consider their profile.

For example Billionaire Dale Elphinestone. Don't think for one second he needs any profits generated through this KIS investment, in my opinion, he is purely doing it to support Tasmania and King Island (he worked on King Island mine as a regular serviceman and therefore it has a sentimental value to him).

Dale has always made a point of doing whatever possible to support Tasmanian industry and employment - he loves the state. Elphinstone Group is a giant that has substantial operations and investments encompassing multiple industries. His public reputation is paramount to him.

Same with Chris Ellis, look up at his record and how he has previously delivered for shareholders. Most shareholders would be ecstatic to see the board and major shareholders contribute so strongly towards progressing the project into development. It's a testimony that they're profoundly confident of success and the a positive trajectory for Tungsten demand (and therefore price).

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Dale's altruism is commendable.
Hes doing it for Tassie and the battlers.
Let u in on something. He's doing it for the Money. Nothing wrong with that.
No matter what happens with KIS (success or fail), Dale will make his money.

KIS Price at posting: 14.5¢ Sentiment: Sell Disclosure: Held
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