@Neil1959
Holding costs for an EL in NSW and QLD are not that high Neil. EL7301 has been held for 11 years for example.
What was the value of the QLD tenements at the time? Was there an independent valuation done for that transaction? Arms length/related parties and all that. Are you suggesting they bought a lemon? Those "non-producing cost accruing shareholder approved tenements" were actually worthless? No actually they were a liability!? How'd that happen?
What I'd prefer, seeing as you asked, if I was a shareholder is for a BoD to act in the interest of all shareholders.Just my opinion and others should research themselves.
- Forums
- ASX - By Stock
- What Happened Bauxite Tenement EL 7301 NSW
@Neil1959Holding costs for an EL in NSW and QLD are not that...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CGB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online