Change of management, page-7

When I calculate the volume using data from TradingRoom.com.au, I get a daily average until 14th November of 131,095.2 and since then it has been 74,189.0 around half, far from decent volume. A slight pick up last week from selling off so Bolics probably means that.

And Bolics is absolutely right that the share price was down a year ago, had been sliding constantly from a high of 85 cents at IPO, and only stopped once Branch started having success with commercialization plans. Once he stopped the slide, the share price was growing nicely and reached 8 cents (12 Nov 2014) when he was thrown out. Except for a few days in Jan, it has never been that high again and now it is 6 point something cents. So much for Pretorius promising 75 cents. Like his other hollow promises, designed to tease you apparently.

Nothing wrong with what Alston was doing, it is usual for price to decrease for a junior explorer as cash gets burned, but there is no excuse now for what Pretorius has done with what was one of the most cashed up companies in the market.

Over the years I’ve made money on other stocks from companies fixed by Branch, on several exchanges, including CRHL on AIM another mining company, but this is my first loss and the first time I’ve seen the shareholders whose wealth he saved turn on him. I follow his projects including the one since Krucible.