Ever since this crazy 1 for 10 consolidation was announced our shareprice has gone into free fall. Ok the shaky Europe/Usa situation has contributed to part of our demise but the arrogance of our board to pursue this value destroying exercise has had me shaking my head in disbelief.
At the time of the consolidation our shareprice was $18's odd and i posted that we would be hammered by the market for our folly.
That shareprice of $18 is light years away even when the market regains some normalcy.
To those that disagreed with my prediction of a huge fall the writing is on the wall.My very statement that we wer'nt an $18 company now is obvious.
Even dividend payments and the share buyback have not helped our shaky situation.
When are we going to value add and buy our own drilling rigs and step up our exploration within our massive IMX/OZL
tenements.
A lot of questions need to be asked of this present board and some of their haphazard policies.
Ever since this crazy 1 for 10 consolidation was announced our...
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