We still haven't heard anything on the coal mine and plant, even though though the shares placed will be used to pay for this.
Look we thought this was too obvious to be a sham, we thought he would not have the nerve as it was too obvious, but he, or should we say his keepers, knew the lack of power ASIC and ASX have, and the govt should be shamed for not giving them the power to act, as it seems they have tried.
Don't let anyone give me this line that they cannot find any wrong doing, it is just they have no power or proper laws to act.
So it boils down to this, they have never drilled a hole, will continue to dilute, and the only way the sp can rise is through a pump, and that will be to rope in people on the buy depth to sell into.
That's the only game they have.
There are stocks at similar market caps that are producing, may not be world beaters but at least are having a go. Why would anyone rather have money in a non producer rather than a producer at the same market cap.
I know being down so much you hope you can get your money back somehow, but with people like this it's better to move on, I have a punt on WHN, not going to be another BHP, or most likely not a mini BHP, but they, like others are producing, digging holes and having a go, unlike this mob who just produce paper, e-mails and bull.
I go to this thread maybe once a week or less now, try it.
CVI Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held