RE: Allied Nevada Gold5 Feb 2025 14:26
Med
I believe the sense of urgency was borne out of a need to make sure that we don’t get screwed with a derisory deal when the asset(s) value is clear to see.
Whilst I’m not claiming the share price has been walked down, there certainly hasn’t been any attempt to attract any further investment ( no news of any substance for months, lack of chairman etc ) lets call in constructive neglect .
Anyone who’s invested in the last year or so would ( rightly ) see 20-25p as a result and probably say the board has done a great job. Most long term shareholders would know this wasn’t the case. The other danger is that many folk probably feel beaten up by this share and would welcome an exit, even if it didn’t represent anywhere near fair value.
Just my thoughts DBW