well said buddy! i feel happy that some of us aka past/old...

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meetjoeblack

1,384 Posts.

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21/07/16

22:10

Post #: 18332164
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Originally posted by milesy ↑

So sorry for shareholders here.

History just repeating itself. I remember correspondence with a director last year when a cap raising took place when they appeared to have enough cash. I couldn't understand why they didn't finish the drill program first and if the deposit was as good as they were spinning, then the CR would be well received at a higher price. Drill results never published. Go figure.

If the MDL is in the bag, why not wait for the approval so shareholders know their funds will be put towards development rather than the 'hope' of development. A huge difference.

And the spin....trying to make it sound like they are rewarding shareholders by having to stump up more money or be diluted to crap. I bet when they thought up that final sentence, 'We are putting in maximum effort to ensure that our good wishes for you become a reality.' that it was a piece of literary genius. Existing shareholders must be thinking, 'surely you are taking the piss?'

Really....nothing has changed, except a whole bunch of new investors are now feeling what many, many past shareholders have already felt. Let down.

Milesy

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well said buddy! i feel happy that some of us aka past/old shareholders can tell people here how they are fleeced nicely with a pretty crappy literary. The prospectus reminds me so much about last year and how i got canned.

QBL Price at posting: 0.8¢ Sentiment: Sell Disclosure: Held
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