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78.0¢ avz minerals limited

Ann: Initial Director's Interest Notice, page-31

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lecram

3,185 Posts.

189

04/12/19

21:05

Post #: 41798980
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Originally posted by setfire2thehive: ↑

9/10 when a director buys on market the share price goes up.

source:
all asx listed stocks

i agree that it would be a moot point if they board had already filled their boots - but given the entire board has only invested a mere 120k in the last 2 years collectively whilst awarding themselves so 70m odd shares for free doesn't paint a pretty picture.

if the board was working full time and not awarded performance shares for trivial goals, there would be no issue. but getting 10m shares for;
-achieve a jorc
-do dfs
-offtake for 25%
is a joke.

market has tainted them as gouging shareholders for low levels targets. and when they've only tossed in 120k between 4 board directors in 2years whilst paying themselves 500k plus a year to work part time.

imo with a different board the shareprice would be double where it is. not saying the team hasn't worked hard or made tangible progress - but I feel the asset is carrying the dead rubbers through.

SF2TH

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lining their own pockets at SH expense

Last edited by lecram: 04/12/19
5 Upvote

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