RE: 'to upgrade certain producing assets to enhance cashflow'19 Sep 2021 10:51
Checkout said "Its quite amusing to think we could be raising, but people don't see the end result."
Everyone sees the end result, more money to management, more dilution to shareholders, investors here really are not stupid, and it is not remotely amusing.
How about this for 'amusing'.
Circa 2 years ago, the SP was in the low-mid 30's. Then there was a sudden drop of almost 40%(?) on leaked placing rumours. The SP took almost a year to recover back to just under 30p, and then the same thing happened again. A quick drop to the late teens on another leak, with another placing much lower than everyone anticipated even after another circa 40$%(?) drop.
It has got nowhere near since, even allowing for the consolidation, done to make the SP less volatile.
And now another drop on leaked placing news, for the 3rd time!! with the likelihood of a further slide this week?
Is this situation really amusing, seeing clear incompetence and a lack of leadership and action from those in charge with the company having a total disregard for it's shareholders, many of who have been invested for years and taking bod at their word?
This board will be one to steer clear of for the foreseeable. plenty of 'green' for me over the past few days anyway, but it will get pretty toxic, as always. Some strong comments/action from DB needed to try and restore trust for many here.
Good luck to the holders, some tough decisions ahead for some