M4M

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Management team is a complete butt. Everyone agrees on that...

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piplord

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25/12/21

04:25

Post #: 58514971
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Originally posted by Chiller: ↑

Well it is fortunate that I do have a sense of smell adelaideoval as if you don't it could be a sign of impending Alzheimer's.

And certainly there is a stench about this company that the market doesn't buy.

The market didn't buy the SPP and then the Chairman made matters worse when he lied to shareholders that he would take up his entitlement and then didn't well that was one of those really eggy ones if you know what I mean, everyone smelt it except those loosing their sense of smell.

And to add sulphuric gas to the the wafting haze, the Chairman made the ridiculous mistake of assuring shareholders that the directors would take up their rights in full. Wow what a stinker, everyone knew that only one director had a non zero entitlement but to try to pass this off as all directors would take up their entitlements in full. Well the market has shown that it doesn't not like to be treated as a fool.

Then there is the stench over the DMH deal, sorry Bergen. Far out it is hard to keep track.

The market has also turned up its nose at the company purchasing a pretty unimpressive IO undefined resource, paying over 41% of the company SOI for the deal. What extraordinarily reckless dilution. And this only comes about because none of the directors have equitable representation in the company do they adelaideoval. So they don't care, they grasped at a deal because they were desperate and gave all shareholders a bath at Werribee.

And then of course there are the options. Many of us were assured that it was a goal to get the options in the money as a means to support the company, it must have been one of those wet ones that just sink because there was not even a wimper in trying to get the options in the money. And as soon as the directors options are threatened oh guess what they will fight it vigourously, wow what hypocrites. It felt like an act of desperation to make this announcement on chrissie eve. I hope the company isn't trying to hoodwink the market again.

gla we desperately need some good news, maybe something positive will happen in the new year. I wish everyone a safe and merry christmas and a happy new year.

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Management team is a complete butt. Everyone agrees on that right ?

my question is what can we do as shareholders to get through to their peanut brains? Probably nothing I guess. The project in Nigeria is an excellent concept just sadly very badly mismanaged ATM. The iron ore on the other hand...... Wtf were they thinking

KFE Price at posting: 1.3¢ Sentiment: None Disclosure: Held
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Last 2.3¢		Change 0.002(9.52%)		Mkt cap ! $83.33M

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Management team is a complete butt. Everyone agrees on that...

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