Good Evening All. I have been Quiet over recent weeks as I had my say at the AGM where I made it very clear my opinion which sadly has been proven correct. I also kept out of discussion as a matter of respect to those investors who believe I played a large part in the collapse of the SP to give what hope it had of recovering a chance. Like all recent announcements not one was encouraging and the market agreed even though there was no down ramping. Comments made by one poster accusing the down rampers for the companies failure and PB accusing everything except himself for the companies SP and failure to raise finance just clearly pointed out why we are now indeep.............
It was a shame that PB did not take a piece of the advice he gave me at the AGM. For many of us we were unable to bail out and held on in hope that a company would come along and take it over in some way. Like so many of you I actually believed in two of the assets %100 and why I stuck it out. I did not believe in PB. I on three occassions sent detailed complaints to ASIC only to be informed there was insufficient evidence as due to the company was still attempting to resolve on going problems. I also approached a very high profile mining person to look at taking it over.I received No Reply.
Where we stand will be very interesting. It could work out to be quite beneficial to us if we are not in too much debt. Why? If the assets we have are worth what we all thought they were and have not been lost there maybe hope of getting them to market. Our concern is the attitude of who is looking after the shop at the moment. Unfortunately SH come last in these situations and are generally not considered. LETS HOPE THERE IS SOME ONE IN THE COMPANY THAT IS WILLING TO SAVE IT. WE SUPPOSE TO HAVE SOME VERY SMART PEOPLE ON BOARD.
STI Price at posting:
0.2¢ Sentiment: None Disclosure: Held
