CXO (ASX) Banter and general comments

Originally posted by Kiwisfly9: ↑

I agree with your sentiments Crisis.

Maybe I'm just in a bad mood today but the last few months have been a bit frustrating to say the least at times and last month when we finally started pricing up where we should be priced as a producer (or at least an early days producer) in the 1.90 range, we've just seen games played from the big end of town to crash us and moronic retailers being their own worst enemies as usual and either shorting their own shares or selling during the dump which just exacerbated the issue.

It's just so frustrating to see so many newbie morons shaked off the tree so easily too at the first whiff of BS and cause totally unnecessary carnage as a result. It will be even more of an eye rolling moment in 6 months to a years time when they are back saying "God I wish I hadn't sold" or "I should have brought more". Meanwhile, we're left having to ride the broom handle of the big end of town again for the months to come when we should be seeing the company appreciating in value.

And to be be absolutely forthright in the way I feel, I feel like management could have done a hell of a lot more than little more than a footnote paragraph on spod price in the AGM presentation to rebuke the misinformation published by Macquarie and Goldman Sucks.

Don't get me wrong, I was very happy they at least said something and with what I read in those reports regarding the progress of everything in the background its clear they are focusing on the important things to actually get us into production. But why wait so bloody long if your gonna comment at all??? SERIOUSLY.

The response time to the GS/Macquarie crisis was frankly as weak as you know what and the Board members were frankly asleep at the wheel and were NOT earning their pay at that moment nor looking after their legal fiduciary responsibility for shareholders when that happened. All it would have taken was a simple update suggesting that yet again, everything appears to be on schedule and it would have been rebuked.

Call this a learning opportunity but next time something like this happens, unless there is a really strong legal reason not to do so (and I'd assume not given there was commentary on it in the Chairmans report at the AGM), be an agile BOD in a crisis moment and act because wouldn't have taken much to at least slow the bleeding and save us the pain of watching a project dive when it should be marching towards double its current value right now.

Now that I'm done venting at this stage, I'm hoping that we get an announcement shortly saying that the first shipment has departed, that a new DSO order has been taken, that a major upgrade is announced. Basically anything that might give us a Summer rally as we really ought be priced above 2 bucks by now.

Lets hope Gaz has something brewing in the background and its out really soon. I'm still faithful as ever that we will get there in the end (and we WILL get there). But at this stage, the folks in management need to pull a rabbit out of a hat soon for the sake of the shareholders as we're seeing the work but seeing the inverse of what should be happening to the value of our shares as we get closer to full blown production.

Bring on the next announcement. No doubt knowing my luck, there will probably be a major announcement out shortly and I'll be left looking like a grumpy you know what but for real, if any of you in the executive team are reading this. We need you to do something to turn the sentiment around and we need it fast.

Expand

Thanks Kiwi needed a bit of honest rationale here at the moment.

Here's my thinking right now -

Thinking of selling - Well...

Hit yourself of the back, Jack
Stay with the Plan, Stan
Soon it will be ahoy, Roy
We will soon be free
Stay on the bus, Gus
We're here to discuss much
Just hold the key, Lee
We will soon be free

Ok that was my attempt of some light hearted c.r.a.p.

We all know the story CXO Peeps - "stay with the plan, Stan"

AFR article

AIMO & GLTAH

No.	Vol.	Price($)
7	365887	9.3¢

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365887

9.3¢

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9.4¢	883409	8

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9.4¢

883409

No.	Vol.	Price($)
3	160000	0.093
8	228042	0.092
5	162000	0.091
15	566558	0.090
6	244301	0.089

No.

Vol.

Price($)

160000

0.093

228042

0.092

162000

0.091

566558

0.090

244301

0.089

Price($)	Vol.	No.
0.094	814846	6
0.096	114900	3
0.097	280988	2
0.099	510000	3
0.100	414411	8

Price($)

Vol.

No.

0.094

814846

0.096

114900

0.097

280988

0.099

510000

0.100

414411

(20min delay)
Last 9.3¢		Change -0.005(5.10%)		Mkt cap ! $198.7M

Open	High	Low	Value	Volume
9.9¢	10.0¢	9.3¢	$3.295M	34.70M

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