ESS 0.00% 50.0¢ essential metals limited

NST and Acra Venture Quarterly, page-28

  1. 265 Posts.
    There is one technical glimmer of hope, the 100 day macd is indicating a buy. The most accurate indicator that i have used over many years is the 100 day macd. The race will be on for either money from a cap raising or money from a caesium deal. No one in their right mind would throw money into this considering most shareholders and Sanlam investors are down hard on their investments, non delivery on increasing share holder value must be making it extremely difficult to raise cash. The cash burn is way too high for a minnow, i have noted that the directors took a pay reduction last year but as soon as the money came in they put their remuneration back up. This action shows contempt towards shareholders and with the dismal performance the management should be deserving of more than a hair cut. I do wonder if management read these postings and heed the musings of disgruntled share holders or do they not give any consideration to the poor suffering shareholders?
 
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