AW1 has been a big exercise in value destruction. 20c to 5c in...

AW1 has been a big exercise in value destruction. 20c to 5c in about 14 months, while actually having some very interesting results from the projects. So, if the projects are looking good and the market has been quite positive about the sorts of projects AW1 has, that suggests that management are not promoting the company well. Actually, it probably says that the market has lost faith in the management of the company fill stop. AW1 should at least be above their listing price of 20c, at a minimum, given the results they have had. When the market loses faith in management the only way to fix that is bring in new management. The current Board are not going to get support from the market. They have lost that support entirely. If the current Board and Management stays the next capital raising will be at 2c. They are on the death spiral now, with projects needing more & more money for drilling (as that is justified by the results), but that money will be raised at lower and lower prices. The first thing they should do is stop spending money on the projects, as that is just destroying value, preserve their cash, get new management, change the Board and get new IR/PR consultants. Then the new Board should embark on broker trips to try and rebuild confidence. Only when that is done should they start spending money on the projects again.