AON 7.14% 1.5¢ apollo minerals limited

Ann: Quarterly Activities Report, page-12

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  1. 1,325 Posts.
    I've had no response to my email yet which is very unlike Derek or maybe I've offended the whole AON management or maybe he's just busy. But it beggars belief that they would have the audacity to ask shareholders to sign off on resolutions that will further dilute the share registry which in turn will drive our price lower. I have no problem approving share distribution and options etc if there was some sort of performance from the directors of the company but not when my holding is down over 80% and I stand to lose a sheet load. I understand we need money to keep going but I see no definitive plan from these guys that fills me with confidence moving forward. All I see at present is wishy washy action that tells me they're just rolling the dice and hoping it comes up a winner.

    Where is the plan moving forward, defining our strategy, our aims, our goals , a timeline etc etc. Things that shareholders can read and go "yeah they have their sheet together and if we don't strike anything it won't be through lack of good management". As you can all tell, I'm pissed off and frustrated, so I'm venting.

    I am invested in another company that Stiggy is also invested in, our management there say they will do something by such and such a time and 9 out of 10 times it's done as they promised. Fills me with confidence that management are on top of things and know exactly what they're doing. At the moment the only thing keeping me here is that it's not worth selling at these prices and the fact that I have some faith in Derek Pang. He is the only one that has contacted me regularly and reassured me that things were progressing despite lack of announcements.

    Before anyone jumps on me, yes I know it's my responsibility with my investments and I take full responsibility for investing and not getting out earlier but it is also managements responsibility to ensure the Company is given every chance to succeed and I don't think to date they have done this.

    Anyway that's the end of my rant for now.
 
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