Most small (industrial ) companies are run by major shareholders. Resources generally not as they have to keep raising and diluting and the directors won't put their own money up - they aren't that silly, thats what we are for. We put the money in, and they take it out for their wages which are usually excessive.
I did not say they have ripped us off, I said they are ripping money out. The MD is $500k a year - a couple of the other directors are $350k a year - thats not pocket money.
They have had some assets up for sale for a long time and it has been in the press, they probably can't sell them, I don't know.
Now they are talking about selling some of the only good asset we have.
C'mon!
TAP Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held