Nur0 has done some excellent work with the company, it is up to us all now to capitalize on it by e-mailing the company. The main message has to be ?repay the Notes from cash & no more dilution?. keep it short and to the point but you need to say a bit more than that. To give some ideas pick some points from these:
SP lowest it has been since relist.
Total lack of market confidence.
Long term impact on ability to conduct mergers and acquisitions. A mistake that Jinchuan will come to regret in the years to come
SP at about 10% of what it should be.
Looking after the interests of all shareholders.
Why give our company away when we don't have to.
Is the reason they have not acted that they don't have confidence in their own cash generation figures?
Condemned to penny share status for years to come.
Unless Jinchuan shows it will act in the long term interests of the company and all shareholders the company will never gain the trust of the market.
Are Jinchuan serious about growing the company into a mid-cap miner, as major shareholder and customer they have the most to gain so why put this in jeopardy for the sake of $21m of loan notes.
Conversion at 6.5c is likely to drive the sp below 6.5 cents.
Need to act now to stop the slide into oblivion.
Use the opportunity presented by the AGM to get us back to where we should be ? Dollars not cents.
When seeing the share price reflect the fair value of the company is in everyone?s interests, why are Jinchuan not pushing just as hard as we are to remove the major impediment to this ie the threat of dilution from the loan notes.
Following the updated life of mine study and all the good news still in the pipeline the SP should be approaching $1 not heading into single figures in cents.
If Jinchuan cannot demonstrate confidence in the company?s ability to repay debts with cash flow then the rest of the good news given to the market recently is just hot air.
ALB Price at posting:
10.0¢ Sentiment: LT Buy Disclosure: Not Held
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