GREY:ALXDF - Post by User
Comment by
Poriemonon Feb 26, 2018 12:39pm
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Post# 27621656
RE:RE:latest in saga
RE:RE:latest in saga Truth be told, AZX is a fraction of what it should be. There's no question in my mind that something is wrong with that picture, be it a lack of strong leadership or just a market that doesn't like the Company (or the company's share structure, for example).
I can't help but be sympathetic to a certain part of EO's claims, as we're on the verge of a huge bull run in gold and selling at the beginning of the at is nothing short of selling yourself short. That being said, issuing $20m in "accretive" financing...is a helluva lot of shares. It's likely in the form of first a reverse split followed by a massive issuance. And is it necessary? Why aren't we bringing in the JV partners now (via a farm-in or some alternative financing)?
But selling the company outright, especially before the resource estimate, is playing games. Someone has an agenda and that agenda doesn't line up with the shareholder's best interests.
Ah well, with 5% of the holdings I have no idea how management plans to win the vote. I guess they're appealing to the AEMs who own a significant portion.