My gripe with all this is all eggs in one basket narrative its...

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1956

3,580 Posts.

425

04/06/24

11:39

Post #: 74153209
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Originally posted by Sweetsound: ↑

Had con notes not been issued in the first instance, the company or rather the company's shares would not have been so savagely taken advantage of - thus the current scenario is firmly the fault of management. Another expensive distraction the company is now trying to 'deal' with at the expense of shareholders.

Meanwhile whist sp stuck at these levels will they need another 'small' raise and if so will they need to spend money to rectify the suggested alleged breaches of the con deed?

@1956 - it's not about 'bagging' management per se but rather realizing that management can and have made bad calls and it's shareholders that are left to see the fruits of such decisions - a drop of 75% in share price in less than a month is not exactly what holders come to expect yet here we are at these low levels. Even a floor price stipulated at 1.5c was dismal would you not say?

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My gripe with all this is all eggs in one basket narrative its simply wrong. And yes i agree 1.5 not ideal but go back to 4.2 and overlay the selling since thats time , its been ongoing downward pressure on the stock no matter the news and we were presenting bonaza grades as the price declined it was simply an atta k on the company and a small company can only do so much . You all bitched and whined but did you buy to shore up the price ? Rough guess? No.

whoever started in at 4.2 must have thought it was xmas when those con notes were issued thats the only thing that made any sense and as sigs suggests worthy of the asx / asic attention at least. Really give something to get angels teeth into what with being an economist and all.

AAU Price at posting: 0.6¢ Sentiment: None Disclosure: Held
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