RE: Well Well well3 May 2024 19:59
I agree. The leadership has lost all faith. The only way I have seen out of this hell hole is by averaging down in the hope that I see 10p plus and get out sooner.
I did contact the co a couple of weeks back demanding an explanation as to why the Increase in stake and a massive discount raise smashing sp and sentiment even further into the ground and you won’t be surprised by the response. See below
Dear Dean,
Thank you for your email. Your comments here have been passed to CEO Kiran Morzaria.
The markets have been exceptionally difficult for small cap mining and exploration companies over the past few years. AIM listed mining and resource companies, and companies investing into the sector have almost without exception endured challenging conditions. These conditions mean that if a Company needs to raise money it has to take advantage of the opportunities as they become available.
Like you, Kiran is a shareholder in the Company and is fully cognisant of the situation. If you look back through announcements over the past few years, you will see the board regularly purchase shares in the company, and most recently (October 2023) Kiran purchased shares at 0.074p.