Thanks...now up to 24.3 million !!

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D1326

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21/08/18

10:24

Post #: 35056235
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Originally posted by JoeBlow ↑

I have 1.6mil shares.

Their last cap raise was around 1.11cents, I think time was extended for that one as people weren't beating the doors down.

I fail to see why they cant trade out of this mess. This was seen coming by ordinary folk (the con note BS) .... how in fux sake can Directors not see it or make provision for it? Right about when that con note was due some Director quit too, he was associated with the con note ..... you think him being there would be reminder enough getting his 250k etc a year salary.

The only company I know of which done a massive dilution like this in my brief time is HRR, the share price held up though, then they consolidated so they didn't look like some penny stock. But here we have a mine, there they had to build one. Plus they raised at 7cents not 4/10ths of a stinking cent! Why so low, how's that the number 0.004cents??? Bugger me, fire sale???

Nope, not happy, totally devastated with the management here, really stinks. You could have slowed up the tailings expansion to save money, pulled back on low grade ore, targeted high grade and even lowered revenue but made more profit...

Old saying in business, turnover is vanity profit is sanity. A great example of this in my experience is BLK .... mining huge amounts of gold but spending as much as they earn, struggling to get the AISC down. I'm sure shareholders if informed would accept the sacrifice of production to pay off debt .... they spruked all through their presentations about being debt free and cashflow positive paying dividends in 2019 ..... sure!

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Thanks...now up to 24.3 million !!

CTL Price at posting: 0.9¢ Sentiment: None Disclosure: Held
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Thanks...now up to 24.3 million !!

Infini rolls on with soil sampling at Portland Creek not long after making possible 'uranium history'

Twiggy Forrest to acquire 40% of native hydrogen explorer – not long after putting Fortescue Future Industries to sleep

Talga expands Prospectus Offer to $9M, banks $18.5M overall since end of financial year

EBR reaches review milestone for wireless cardiac pacing device

Emerald expands underground resource by 105Koz at Cambodian gold mine Okvau

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Thanks...now up to 24.3 million !!

Top Stories

Infini rolls on with soil sampling at Portland Creek not long after making possible 'uranium history'

Twiggy Forrest to acquire 40% of native hydrogen explorer – not long after putting Fortescue Future Industries to sleep

Talga expands Prospectus Offer to $9M, banks $18.5M overall since end of financial year

EBR reaches review milestone for wireless cardiac pacing device

Emerald expands underground resource by 105Koz at Cambodian gold mine Okvau

Featured News

Featured News