Well I'm out.
I gave the management over a year to match actions with words and in my opinion they have failed.
Yes they have made a number of purchases of distressed assets.
But they have not done the following (as they said they would):
Sold Lady Annie - should have kept it simple and allowed Aussie brokers to do the whole thing. Blaming the market conditions at the time was a cop out
Paid a dividend
Made any serious negotiations/sales of Marampa
The sales of all the minor shareholdings returned very little
Good luck to all holders, may the big pay day come one day. I just can't see it happening soon.
Well I'm out.I gave the management over a year to match actions...
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Last
5.3¢ |
Change
-0.002(3.64%) |
Mkt cap ! $57.96M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.2¢ | $27.99K | 528.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 296496 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 347367 | 3 |
View Market Depth
| Last trade - 15.23pm 04/07/2025 (20 minute delay) ? |
| CLE (ASX) Chart |