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Sorry mate but wombat did not go tit wrong. it was management...

  1. 261 Posts.
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    Sorry mate but wombat did not go tit wrong. it was management who stuffed it up. BIG TIME. Wombat spends a considerably amount of time and effort analysing the data available easily and some cases not so easily, makes some assumptions which usually indicated by management or anns, etc and creates scenarios, which may or may not come through. at MUS (NXE) up until the actual auction day all investors were told made to believe that the reasonable size of rubies auctioned are high quality and pictures shown of what looked like high quality rubies. What was presented much lower quality and evry small amount of what was good enough and what the market wanted. That board took ALL investors for a ride and lots of people including wombat as well as me , lost money trusting management. Hope this clarifies this matter for you. Just look at ho wwell MUS (now NXE) is managed) after changing direction several times.
 
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