RE: quindell27 Dec 2017 08:42
Indeed you are correct - its bloody frustrating that JW et all do not buy on the open market there is no denying it, however I understand and acknowledge that there is no real utility in them doing so as they cannot buy and sell them without notifying the market if they buy low then sell high its a bad market signal.... He does need to show some faith I 100% agree with you, I can however bring your attention to GGP where the BOD were not buying at 0.06 a few years ago when the SP was on its knees, and I honestly thought it was a dead duck. At that time it did need a bit of a boost, but I digress... the fact of the matter is the lack of news flow has caused this drop, the eery silence with 3 months of no news is giving this company heavy body shots in the ring it must be said, and yes we have had no updates on cash position but the interims at end of June had us at $900k cash - now after this we raised an additional £600k which after fees would be £540k (approx $750k) so that gives us a total cash position of $1.65m, now considering the cash burn, cheap auger drill and metallurgical work that gives us in the range of $1-1.2m cash at present which puts us in a very comfortable position cash wise.
I personally want JW ousted as CEO, but he can continue as country manager or COO - we need someone who is better at conversing with investors and can inject some energy and ideas into AGQ! Might be worthwhile giving Paul Johnson a call!