The important point to note is that the Ausgold's shareprice only substantially failed after Benjamin Bell left the company, but they don't elaborate as to why in their article as the fools are trying to promote Bluechips over speculative stocks. And, yep you'll then have to pay to continue reading their article.
Extract from Motley Fools article:
"If you’re looking for something that could prove safer, check this out…
Top 3 ASX Blue Chips To Buy In 2017
For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked"..
Yep, They sure do, but also usually don't mean high REWARD. Just how do Bluechips become bluechips? From being early explorers in the first place.
Bet some people out there wish they got in on the ground floor of companies like FMG as could be the case with AUZ in the future.
Not only that, but Ausgolds shareprice held it's ten bag status for over a year while BB was CEO.
In fact AUC price didn't really tank until around Mid 2012. The whole scenario is also much different to that of AUZ.
It is in fact a testament to the ability of BB and the weight he carries in the Market IMO. As a Geo he found the resource and built up the company under his leadership.
And why did he leave, not through any wrong doings, refer below:
ASX ANNOUNCEMENT 18 OCTOBER 2011
MANAGEMENT CHANGES
It is with regret that Ausgold Limited (“Ausgold” or “the Company”) (ASX: AUC) announces that CEO Benjamin Bell has tendered his resignation from the Company to pursue a role within the West African mining industry, effective 7 November 2011.
Benjamin has been a driver behind the Company’s Katanning Gold Discovery in Western Australia where a major drilling programme is underway to scope the size of the discovery and deliver an initial JORC compliant resource. Having successfully led Ausgold to this exciting stage, Benjamin is departing to take up an opportunity focussing on grass root exploration in Africa.
Commenting on his resignation, Chairman Robert Pett stated, “We wish to thank Benjamin for the contribution he has made to Ausgold since the Company listed in 2009. He has been an integral part of the growth of our Company, in particular our exciting gold discovery at Katanning. Ben leaves in place an excellent exploration team fully resourced and focused on the drilling at Katanning and surrounding areas. Whilst we are disappointed to see Benjamin leave, we wish him well in his new endeavours.”
And finally take a look at this one:
https://hotcopper.com.au/threads/benjamin-bell.1640785/#.WfnNXYhx3Dc
The rest is the AUZ story! And one day may make history, just as some bluechips have.
Who do these fools think they are anyway.
I am the true Motley and have been for over 30 years!
All just my humble opinion. Make of it what you will. I am not a financial advisor of any kind.
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