Arcan Resources Ltd ARNBF

RE:Crazy

[zeus55]

How did they fck this up so badly?
Simple. They treated shareholder money like they won the lottery, and spent it like drunken sailors.
That Stimsol fiasco was particularly stupid.
And while that fancy infrastructure to Ethel is nice, the debt taken on to build it is now an anchor around their neck.
The shares are probably worthless, I just hope the debs are not worthless as well.
Sell this pos for whatever we can get, and fire everyone in management.