I stupidly bought $30,000 worth of ANW early last year at about...

I stupidly bought $30,000 worth of ANW early last year at about 1.5 cents....
Seemed like great tin asset but absolutely hopeless management...., when the moratorium on insolvencies ends shortly they must surely have to declare insolvency. Cannot see them having a successful capital raising.

It is a disgrace the way ANW ‘s directors have not taken a pay cut when their mismanagement is so obvious and reflected in their share price. The sale of Granville will probably mainly go to wages and directors fees.

It is great owning ELT as even though the share price has been up and down the honesty and integrity of the management means you feel comfortable owning the stock