RE:Gold Deposit Acquisition Prices Rocketing upwards..$300 ouncnozz, what you are saying is that our Turnakura asset which we sold to ODY for 5 million was worth:
around 350,000 ounces
1. at $150 per ounce should be valued at 50 million, 10 times more than what we sold it for. So our mgmt stole from us minority shareholders around 30 million minimum which is a whole MMY mcap;
or
2. at $300 per ounce should be valued at 100 million, 20 times more than what we sold it for.
Huge THANK YOU to our mgmt and board, they've done a great job, yes, to themselves.
For me, being in this shitty stock for over 12 years, it's deja-vu all over again.
People are happy when company is making money, there's a whole set of cheerleaders who praise mgmt, but either ignorant not realizing, or part of the internal PR machine, when the same mgmt then steals these hard earned monies from us, minority shareholders, via some questionable acquisitions or disposals.
Let's not focus on the past, just on what the mgmt is doing for minority shareholders RIGHT NOW outside of operational stuff which they've been ok with, to make our shares more known (ZERO), more liquid via ASX listing or other (ZERO), more transparent (ZERO), show to the world that MMY started caring about prudent capital allocation after Mengapur fiasco (ZERO, as almost free sale of Turnakura to ODY shows).