Good morning passengers
I have not posted for a while as I have taken time to reflect on all perspectives including those of IndianOceanGuy and Macleod. Holders who have obviously been burnt in the past and who have a right to vent. I rang Maria on thursday and put to her many of the views on hotcopper as well as some questions I myself have. These questions are in no specific order nor are they posted word for word. I have done my best to paraphrase from memory:
1 What are the prospects of mining in the near future?
None - our goal is to sure up the resource
2 What is the estimated total cost of he jv worth?
With ports and mining up around 200-300 mill mark
3 What is happening with the proceeds from the rights issue?
That money will stay in australia for admin costs
I responded by asking to pay directors salaries?
Refer to q3 for answer
4 What is happening with the sale of i/o and mining pieces?
There are issues with the chilean central bank was Maria's response. She would not go any further on this point
5 What happens if the sale of the low grade ore and mining pieces falls through?
There will need to be a capital raisning to sure up resources
6 I asked more share dilution?
Maria responded wait and see if the sale goes ahead
7 What about past ann's not coming to fruition. There have been a lot.
Circumstances have been out of our control
So what do I think? I am the first to admit I believe the ady story. However, I am now a little more cautious than before. I do not want to see this become another cvi and shareholders get burnt which is why after much deliberation I decided to post my thoughts. For me personally I am going to wait and see just a few weeks if they sell their ore and mining pieces. If they do that will be my trigger to keep buying. If not I am not to proud to admit those who have doubts were right to do so.
Happy sailing
PGamble
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.55M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 770000 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 440164 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 770000 | 0.011 |
2 | 1100000 | 0.010 |
3 | 1091911 | 0.009 |
4 | 2062620 | 0.008 |
4 | 475102 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 440164 | 1 |
0.013 | 400000 | 2 |
0.014 | 343874 | 3 |
0.015 | 928798 | 4 |
0.016 | 1200000 | 2 |
Last trade - 16.11pm 16/07/2024 (20 minute delay) ? |
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