RE: Very disappointedTotally disgusted the only was this sheer amount of shares can possible be absorbed is a listing on a major exchange HK, London.
for a company that couldnt get their current operating pe above 3 to brutally raise this amount for a project that wouldnt need this amount of investment for at least 12 months ..a third of this amount along with sheer profit from the next 12 months production could have been acceptable but THIS??
I would be interested to see where and who the fees are going to....this borders on corrupt imo...Insider selling with prior knowledge ..although not illegal tels its own story. As for Baldrick saying dividend?? maybe but not in this decade.
A great project ..definately BUT the brutality of this by the board is one of the worst cases I have witnessed.
Before anyone attempts to defend their action ....look at the shareprice chart ...the drop says more than words.
I too am looking into this in depth and if possible raise an official complaint but am awaiting to see if there is a major listing ..HK? and fast track of the project. If not this will linger for 12-24 months.
Reinvested in AGQ.V AND SLX.V Will take my chance there.
Breathtaking actions.