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Did you really just say that directors not taking up the capital...

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nihilism

11,400 Posts.

565

11/10/19

17:05

Post #: 40841846
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Originally posted by 708: ↑

It was over subscribed .. It was considerate of them to put shareholders interests first in the capital raising.. as someone else mentioned recently we would be complaining if we did not receive our full allocation and they got theirs. (although I do feel like a sucker given the SP at 2.4c)

They still have major skin in the game and significant incentive to make the company successful and profitable.

I dont mind that LBT are the biggest shareholder its kind of reassuring...IF they are holders and not dumpers like first state

I agree ditch/spin off the bauxite and the Dr asap if there is no news this or next quarterly on Bauxite side, the expenses dont justify holding cost. If it was any good it would have been a goer a long time ago.. imo

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Did you really just say that directors not taking up the capital raise is kind to investors?

ok then why not buy more shares now? On market? Are they still being kind by not buying in after the fact seeing as the missed the capital raise and obviously only did it to be kind to shareholders?

CGB Price at posting: 2.4¢ Sentiment: None Disclosure: Not Held
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