great post
Dodgy management
https://www.********.au/2017/11/01/...es-limited-share-price-jumped-500-this-month/
Sure, it may gain another 500% this month or it could go the other way, like another company Mr Bell ran a few years back, Ausgold Ltd (ASX: AUC).
Mr Bell was appointed CEO of Ausgold in November 2009, according to Bloomberg.
Under his leadership, AusGold’s share price underwent a rapid rise from mid-2010 to mid-2011, going from around 10 cents to more than $1.50.
But Ausgold’s share price went down almost as fast as it went up, plunging to below $1 in November 2011 as Mr Bell departed from his position as CEO with the company.
On Tuesday, Ausgold’s share price closed at 2.8 cents, a long way from the heady heights of mid-2011.
AUZ V CLQ, page-5
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