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SelmaBouvier

3,809 Posts.

10

04/03/16

15:05

Post #: 17190361
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Originally posted by 1sharetrader1 ↑

This period of time brings back bad memories as at the time the share price was over 3 cents or over 90 cents in todays price.
The company could have approached shareholders and raised funds at 3 cents but they entertained the Chinese only for them to take advantage of the situation and get greedy then approach officials in Angola to try and steal the project from the company.
I believe some knew what was going on in regards to the Chinese trying to steal the project from us and the share price was falling fast with a right issue ending up being done at 1 cent.
At the time I blamed miles for this as he should have known better or at least he should have just approached share holders in the first place.
I personally blame the Chinese groups for me sitting on a 75% paper loss for most of the past 5 years.
If a Chinese group ever approaches a company IM invested in again I will dump all my shares straight away.

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@1sharetrader1 I've been thumbing a few of your posts to remind you of your thoughts at the time - I'm sorry your memories are not the best of that era but I have seen a consistency of good thoughts in your posts and hope you can now look where the progress has taken us to - the edge of a new even more exciting era.

November 2011

A bigger diamond - 53 carats

LOM Price at posting: 44.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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