AMI 2.78% 17.5¢ aurelia metals limited

Zinc added to the Critical Minerals List, page-14

  1. 1,187 Posts.
    lightbulb Created with Sketch. 1685
    The divi went from 2c to 1c to zip. That hasn't helped especially when people bought in for the income.
    We are spending bucket loads. Some of it was expected like to get Federation and Great Cobar up and running. Some of it was unexpected like issues with Dargues.
    Dargues was meant to average 5.9g/t and it isn't close. This brings into question the expertise of the decision makers.
    The poor treatment of shareholders re Dargues purchase (no shareholder approval sought), and re cutting the divi. after the Board proclaiming the intention to sustain it.

    I wouldn't buy into the company now, given its recent track record of shareholder treatment. I have been in since the days of YTC and will exit at some point, hopefully in the not too distant future. My view is the Board have acted with a lack of integrity and I'm not prepared to continue at their mercy.


 
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18.0¢ 282579 6
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