Member Info for yonelay

Haha I bet your right

In my opinion the current board are just puppets. It’s obvious that the Volt chairman is calling the shots as a major shareholder. Perhaps he’s putting Volt ahead of ACP for his own self interests. Who knows. It’s a diabolical situation considering the opportunity just no real execution of strategy. Management need to change and fast. Looking at past performance nothing that AK has been involved in has performed particularly well from a shareholder return point of view so why should ACP be any different.

Also the deal was done with Jason Brewer who is on he board of a multitude of ASX listed companies. I wouldn’t expect this to be something he will devote much of his time to. I would treat this project like it was just given away. Disappointing really.

Best idea yet. Plenty of neighbors could/would consolidate making a decent offer for the assets. The problem is what would the company do then.

Unfortunately earnings are a long way off in my opinion.

I hope he doesn’t. Just had a look at Volt on the Australian market. Not a particularly impressive performance in share price during his tenure there.

How would you compare Volts projects to Armadale? Intrigued that Kabunga chose to be chairman of Volt but not Armadale? Not even a director of Armadale

That’s extremely worrying. Surely the loan came with an agreement that had rights and obligations. If the loan was secured this would have been detailed in the agreement. Kudos to you for keeping management on their toes.

I wonder how much of that holding is money they have personally invested and how much were freebies or part of the acquisition of the project. Big difference

No point quoting Syrah as a company that ACP can become. Syrah have a market cap of 1b for a reason. They are the most advanced and have the best and biggest deposit by far in my opinion. They will dominate global supply before anyone else can.

What they need is a CEO or Equivalent then not a chairman. Unless any proposed chairman will fill the same role. They need someone to run and promote the company.

Why would there be a new chairman?

No I meant expecting to survive (without a raising) for six months from now or six months from 30 June 2018

Is that six months from June or six months from now. Either way it’s not long.

i agree

Nothing new in here although an updated cash balance at June of 394k. we are three months further down the track with drilling ongoing. I wonder how much they have left. Of course there is the additional 200k available from debt on top of this cash balance.

I guess that can only mean one of two things:
1. delays in drilling which to me suggests problems encountered or
2. visual results are not that good

The Vox markets podcast link doesnt work on here

Not a particularly convincing interview was it?

Link doesn't work