after the appalling capital raising and now seeing the quarterly my patience is at an end and have sold out our 1.7m shares.
I have to concede the sovereign risk, the less than direct ownership of the project , the opaque conditions of the project loans and the share price action, or lack thereof says out.
Overall my confidence in management was killed by the CR, which after three goes was supported only by insiders and a couple a hucksters who sold out immediately, one day maybe the market will rate the company in the meantime the skeptics think that any minute men with guns can come along and take the project, just like Intrepid.
FND Price at posting:
17.0¢ Sentiment: Sell Disclosure: Not Held
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