AUZ 7.69% 1.2¢ australian mines limited

JD what you said make sense. But I disagree it was smart to deal...

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    JD what you said make sense. But I disagree it was smart to deal with Bergen via convertible notes with no set floor. This is not a action to protect the value of the shareholder. And this can be interpret very easily that management had a bad financial plan and they are running out of cash so they have to pawned the asset for 8 or 12 mil. Havent you seen the damage for the recent few days? I might be wrong and this deal end up very well but I believe statistics. 99% of the Bergen deal is bad for the company and its shareholders. I cannot let my rest of my capital rely on that 1%. You are still green so you do not care, you might change your mind if you are in deep red.
 
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