AFT 0.00% 0.1¢ afg 2023-1 trust in respect of series 2023-1

ecneitap...can only hope for some sort of meaningful update in...

  1. 1,540 Posts.
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    ecneitap...can only hope for some sort of meaningful update in upcoming
    Annual Report due on 31st March...but clearly, in current operational
    circumstances and clueless Management...my expectation is nothing more than
    usual ongoing vague commentary to effect that "looking at other opportunities" etc. etc .etc.

    The only problem is..only enough cash on hand for a few months at best...

    Seems to me Neil has been brought in to tie up loose ends with effect
    of reducing AFT to little more than a "shelf" Company..compliant with regards
    to ASX Listing Rules etc.but little else in regards to demonstrating being willing and able to be
    a vehilcle for wealth creation on behalf of other Co. part owners/shareholders

    Even poor old battered" junior"Lakes Oil with 21billion shares on issue, no cashflow,
    and a debilitating moratorium on gas "on shore "exploration..
    .STILL has some buyer interest at 0.001c/share........

    But not AFT..can"t seem to generate one announcement that would attract investors
    to even support stock at 0.001c..Says it all in relative terms..

    Cheers
 
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