KCN 0.40% $1.26 kingsgate consolidated limited.

TDG Gold - did management do any their diligence?, page-5

  1. 40 Posts.
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    I don’t always agree with HFguy, but cmon guys, surely by now the TDG financing update should be provided to us. There are so many questions marks here that shouldn’t be glossed over with a “I trust Ross to raise kingsgate from the ashes because I have an underweight position that compels me to believe it will happen”. These are serious red flags that have potentially cost money because of inaction and will end up costing us far more if the reopening plan has any bit reliant on capital from this fundraising. This is all leading to dilution and many of you are willing to accept it because “Ross owns x many shares”, meanwhile management are recovering this earning juicy salaries. The board is like a cult. First comes performance and then compensation, not the other way around.
 
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