RE:RE:RE:RE:Monument Signs Binding Oxide Magnetite Purchase and ...Agreed. Management is completely clueless about capital allocation. Selinsing is a cash cow, and Baldock is determined to fritter it all away while issuing bundles of new shares, based on delusions of grandeur about becoming the next Rio Tinto or BHP Billiton.
What is their strategic focus? Baldock has never properly explained the vision for Mengapur. There does not seem to be any kind of overarching strategy at play here apart from getting bigger and bigger based on dilutive acquisitions of projects that have dubious or as yet unproved value.