Dear Management
GET OFF YOUR ASSES AND DO SOMETHING!!!!!!
Yours Not Sincerely
Disgruntled Shareholders
Seriously 6 months of nothing is beyond a joke. No mining. No production. Nothing. Just cash burn for management with no returns in sight. A supposedly fully operational and dialed in benefication plant capable of 200 000 tonnes per annum just siting there rusting away.
Add to that all the money spent on the wet benefication plant and not having the dollars to install it.
Excuse after excuse. Dud deal after dud deal and this bunch of losers continue to dilute shareholdings and pay themselves.
When Cedric come to power and announced the deals for Kuja and Mangal the advised :
1. Mine would be DSO
2. Expansion through cashflow
3. No debt financing
4. No further shareholder dilution
We have been led down the garden path and NONE of the above has been achieved.
Joe
- Forums
- ASX - By Stock
- ELE
- letter to management
letter to management
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ELE (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.27M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
ELE (ASX) Chart |
Day chart unavailable