HAZ 0.00% 4.0¢ hazelwood resources ltd

Ann: Financing Update, page-8

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  1. 1,559 Posts.
    Forget it. It should be crystal clear to everybody that this wording ("profitable") excludes all kinds of costs like SG&A, interest, capex, etc. It's a carrot for us donkeys that's supposed to make us buy the paper they keep printing quicker than any central bank does. I'm not going to finance what I deem excessive salaries for unsuccessful people who in the end might leave with a 6-figure compensation package once they've grounded this ship for the third time. I refused buying shares at 2c 18 months ago (when the number of shares outstanding was increased ~ 4-fold from 264M at the end of Oct. 2012 to more than 1 Billion at the end of Apr. 2013) and I certainly will refuse buying shares at 1c now, too. I'm not going to chase that dumb carrot.
 
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