1. Management acted as if nothing was wrong
2. No bank funding has been secured to finalise the Mildura site
3. Construction works have been scaled back as they don't have the money to finish the works
4. No guarantee of Aurora take-off agreement can be given
5. Board got re-elected and pay rise/ options
6. 10% further dilution capacity agreed to
7. CEO continues tenure
So - they have destroyed this company and wasted millions of dollars of investors money through unforced errors.
this is nothing to do with the industry experiencing hard times, but everything to do with poor decisions by management.
Now the stock is in free fall.....30c by COB today?
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- Summary of CAN AGM 29/11/19
1. Management acted as if nothing was wrong2. No bank funding...
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