I was convinced to buy these when originally recommended by fat prophets. I am now convinced that directors of this enterprise have scant regard for shareholders funds.
Reading between the lines of the latest activities report it seems they have been producing a product which few buyers wanted. Back to the drawing board and they say the problem was fixed in March but with significant stock overhangs. They went off on a tangent with China Century and now are giving away their holdings. many of us will receive unmarketable parcels which so generously we will be offered to buy more (worthless??) shares. They went off on a tangent to buy into Zircon. they paid $3m for a 20% holding in pure speculation and are now looking for a way out. In the meantime the sp falls and falls. And these guys get paid???
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I was convinced to buy these when originally recommended by fat...
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