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3.9¢ aphrodite gold limited

ASX's most undervalued Gold stock, page-1516

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sdfmg

1,034 Posts.

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13/07/17

20:54

Post #: 25855482
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Originally posted by 7a8b9c ↑

This is not good.

Hunter Hall have sold 7M or 8M AND HAVE another 70M shares obviously all on the market.
The normal procedure when a big holder wants out is to find a replacement buyer who is a believer and handle the trade off market.
This happened once before when the project vendor Apex wanted to quit, and the previous management were able to get a broker to acquire their shares for around $1million (from ASX reports).
No-one doubts Peter is a very good businessman, and he should have been able to handle this.
Poseidon would have been the logical candidate with a potential JV in the offing.
The fact that they wouldn't, and Peter couldn't find another buyer, and surely he must have searched, bodes poorly.

With the PFS still not completed, hopelessly inexperienced mining management and massive share selling underway IMO the chance to sell at anything near or above 2 cents is gone.

A logical result will see AQQ snaffled up for next to nothing by one of the many bottom feeders who will be circling and see the opportunity to get hold of a great gold project for peanuts.

Sad but true.

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I wish we had kept previous management. That way there would be no AQQ and therefore you wouldn't be posting your rubbish.

Last edited by sdfmg: 13/07/17

AQQ Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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