Just my thoughts on AUM. Any directors of a company that can move shares for us shareholders deserves a pat on the back. Last 2 years annual report shows Mccrae lent the company $700k with no interest because shareholders did not take up their entitlements. The fact the directors are buying stock and disclosing it to the market gives me a warm fuzzy feeling. On a flight from Perth to Melb in april i sat next to a BHP geologist and told him i was in AUM,he said never heard of it, who runs it.? I told him Wayne Mccrae, he said he will make it work, he smells metal for a living. He told me Mccrae discovered the Century Zinc depost the largest zinc mine in the world. He told me BHP looked at the property before Mccrae and couldn't find anything. I asked can he do it again, he said if theres a big metal deposit out there he'll find it. Looks like hes done it again.As for the "reek of insider trading" where the hell is this guy coming from. What is the " wyneberg" To accuse a listed company of insider trading, you had better have plenty of proof or plenty of money for the lawyers. It sounds like sour grapes to me . Id be making a withdrawal and an apology before the company officials hear about the remarks. Just a little advice from someone who made the same expensive mistake. AUM has gone against the downward trend and it smells like the party hasnt even started. I love a party.
AUM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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