the accumulation by brokerage houses looks promising, regardless I think there is no doubt something in the works - its just a matter of time. And as always, nice to get in early before the masses.
$2 million cash
Change of company direction:
in light of its continuing review of operations and the outlook for coal, it has undertaken a restructure of its Board.
The new Board of Acacia will reposition the Company to focus on alternative opportunities for the Company that will deliver more immediate value to shareholders
Old Directors leaving in December
New chairman
from his linkedin: Specialties: Mergers & Acquisitions / Equity Capital Markets / Corporate Advisory / Banking & Finance
Was previously employed at Argonaut
New director with tech experience and listings : Mr Mitchell is a corporate finance executive with over 25 years of experience primarily in the finance, capital markets and resources industries. He has been involved in the founding, financing and management of early stage resources and technology companies and currently holds a non-executive directorship role on ASX listed DigitalX Ltd (ASX : DCC)
Focused on investments in the technology, energy & industrial sectors and have expertise investing in, financing and overseeing the management of growth businesses and infrastructure
Was also previously employed at Argonaut (Analyst - Corporate Advisory M&A Argonaut)
Downsides:
Hoperidge capital have key staff who were directors for YBR - that has been a general disappointment for shareholders.. for years.
Lots of shares on issue
EV is getting higher as each pip up in share price.
However, given what looks very much to me like accumulation (a whold day at 0.5c then $20 worth at 0.4c on the close...) I am very happy to be in for a punt and follow the money on this one.
Good luck to holders and thanks again @Lincoln Burrows for your brokerage data and insights.
