Unfortunately, he keeps going to Fosters mate. Even gave them 4m options when if we are led to believe, they were tapped on the shoulder for the recent CR. If someone approaches you for a CR, you have control & dont give away 4m options (at 30c strike) their 6% fee was enough imo
Foster have done nothing to support this company - zero, apart from the research report which most investors will know nothing about as its not on our website.
They have been ruthless in continually selling shares. Same with Regal. Broker data confirms Pershing have been huge net sellers over the last 6 months.
Given the stage of project development, agree 21c is a joke and that sits with the MD. Start treating retail holders with a little more respect and the share price will do it's thing. The market is not stupid, vanilla announcements and intentionally holding back on releasing more details - sticky money will stay away and brokers will keep having a field day.
Anyway, still great to be above CR price. ATC, SYR, CHN, WAK and a few others all trading under their recent CR's.
FYI Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
