Sorry Guppper but you posted that Towner has this to say re the...

Sorry Guppper but you posted that Towner has this to say re the placement:

"My ongoing reservation - and one I put to Geoff Towner - was that ongoing selling by those granted cheap shares in the placement might weigh down the share price for a considerable time to come. He argued that AMU's small volumes traded would deter them from that and that most new investors had come on board because they saw the excellent value that the company represented at these levels."

"Most" being the obvious word here. 26c and falling. Clearly either the insto's or the "sophisticated" investors from the new house broker have decided that they didn't want to be that loyal and/or long term at all. Pity they appear not to have gotten their stag.

I guess that must be the brokers fault. Just like all the other issues.