AAM 7.69% 4.8¢ aumega metals ltd

I said it before - this is a shocking lack of corporate...

  1. 331 Posts.
    I said it before - this is a shocking lack of corporate governance. I sold my shares because of it. It is plain wrong. I am sure the other parties who got shares unconditionally at 8c in the first tranche will approve the director placements and it will go through - does not make it right.

    They still need to raise more capital - hence the approval for up to 50m more shares.

    Good assets, good mine development, but this has left a very bad taste for me.

    Shares will fall because of the overhang/dilution to come anyway.

    As I said, I have no shares, but if I did I would be voting against the placement to directors.

    Just my opinion
    Monty
 
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