I have only just noticed the App 3B of 3/8/12 for Castlemaine Gold fields. This issue on takeover is the Performance shares for Matthew Gill and his chronies.
Well done Matt - I pay up for CGT shares, show confidence in the managememnt and projects and get nothing. But your 2 years of value distruction generates about $400,000 of CGT shares for FREE! And in those two years did you even once show faith in yourself and project by buying any your self? NO.
What Performance? Gill takes over with a SP of about 40 cents, tells the world he doesnt quite believe in his Ballarat mine's capacity to make profit (legal covering position I suggest)oversees the proice dump to about 9 cents, then arranges to sell the whole lot for 20 cents. My very of that performance is not one that says .. pay him, pay him more!!
He is dancing to a new master now - and will we see him land on the LionGold Board in time?
I have only just noticed the App 3B of 3/8/12 for Castlemaine...
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