The company is a joke, it values the assets based on a number a backyeard accountant makes up, assuming production.
Magically production never happens at that level but yet there is no change in the value of the asset as signed off by the auditor.
The only way to realise any money here is to stop production as every oz produced costs more than they sell it for.
The directors pay themselves each month, and call on retail investors to stump up more money.
The directors are so proud to take up their full SPP allocation of $15,000, well no surprise they have just taken that money out in fees only to fool the shareholders to put some more in.
If this asset was worth $20m I would go hee.
Sell it and send some money back to the guys you have taken it from on false promises.
Get out while you still can this company is going one way......administration.
The company is a joke, it values the assets based on a number a...
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