'- Hyped about being the only plant in a multimillion ounces...

First 24 Last

Share
Profile

Follow
jamesabbott

210 Posts.

23

20/05/21

13:09

Post #: 53303809
Share

Originally posted by Bellavena85: ↑

I have to say that if there is an award for "worst management on the ASX" this lazy asses Board will surely win it! Once the AGM is held, we should hand them this award ourselves before kicking them out from their job. I doubt that they would be able to find a job anywhere else with this kind of ability and work ethics.

- They hyped about a positive FS in every single announcements last year.
- Focus attention of SHs on the $10M cost to refurbish the plant and only 6 months to start pouring Gold!
- Delayed FS months after months. Calm SHs by saying that everything is on track and "no material issues".
- Hyped about being the only plant in a multimillion ounces gold region with opportunity for monopoly toll milling. But not a single contract was signed.
- Bought AME at high and sell at low. Threw 600k hard earn SHs money out of the window.
- They only start to do a field trip to Barkly near the release date of FS.
- Release quarterly on the last day after market hours. Common sloths, stop drinking and do some work!!
- SP is now dow 80% from the high. Still zero support from the Board. They should be buying on market now to show confidence! They were the ones who hyped all the way so they should align themselves with SHs.
- 6 weeks since a dismal FS. Still no plan at all. Missed another 2 deadlines. How hard it is to update SHs about whats going on and what the plan gonna be?

Late April???

Latest mid-May???

2 other stocks that I held that turned around brilliantly are Fin and Bpm. Down for more than 50% from their high because of not so good drilling assay, but immediately use the remanining cash for the acquisitition of high value projects. SP rocketed and I was still able to get out with hefty profits. I doubt that this BS management would be able to do the same. I still hold because of Barkly but we really need a change of management here.

Expand

'- Hyped about being the only plant in a multimillion ounces gold region with opportunity for monopoly toll milling. But not a single contract was signed.' - This is what pisses me of the most, outside of AME they should have been able to reach some toll milling agreements with the owners of stranded deposits in the area and a couple deals could have been the difference that gave us a positive fs

I avoided selling on the day of the FS at 15 cents because I thought the barkley spin off might allow me to regain some of my lost capital, they have dragged their feet while the sp drops and drops, we will be at cash backing soon.

MDI Price at posting: 9.6¢ Sentiment: Sell Disclosure: Held
3 Upvote

0 Great analysis

Reply