RE: Chunky buying20 Dec 2018 18:42
If you are major shareholders and Directors of a company that has nothing going for it, how do you make money?
Take URU for instance.
Zorbas offered a 0.4p placing which Hogan took.
He said they had Lithium and upcoming results from a current drill that would drastically reduce costs.
He then did a premium placing at 4p on the pretence to fund the lithium.
As we know, they have nothing.
They shorted it all the way back down.
They made money on the way up and on the way down in a company that has absolutely fook all.
Which brings us to ANR.
Same people involved in a company that has nothing but they somehow got in at 0.05p and ramped it to 0.75p.
Then walked it down again.
Now the ramp is on again, the Tech is URU Tech apparently.
Money being made by 2 people from 2 companies that have nothing and in the meantime, the ordinary PI gets fleeced.