What an absolute disgrace it is to read many of the defamatory comments on this link which are aimed at BOA’s MD, Clarke Dudley (CD). I wonder just how many of these posters have actually run or headed up a successful ASX listed company? My guess – very few. I also wonder how many of the supposed geo’s are still in practice?
Of course many share traders are the same as horse racing punters – they speak through their pockets instead of their brains. I have known CD for a few years now. I have regularly spoken to him on the phone and actually met him on one of his visits to Perth.
I would like to assure all BOA shareholders that CD is one of the most honest, diligent and loyal MD’s that you could have to look after your interests. He fiercely protects company funds and always does what he thinks is in the best interests of shareholders. By shareholders I mean people who have purchased shares in BOA as an investment,
not traders who are simply looking for a quick buck.
Hindsight is always a wonderful thing but I think if most of the baggers had been in the same position as CD, they would have also called for a trading halt at the same time as one was requested. The only other alternative would have been to do nothing and risk the onsite Geo and drillers calling their mates and causing a totally false share price run – then everyone would have cried foul and demanded other answers.
Okay so some people didn’t like the way the announcement was presented but really there was not much else that could have been said. The company has never stated that the drill cores contained nickel sulphides. The ASX had already been informed that an announcement would be made at a certain time and if no announcement was made the company’s shares would most likely have been suspended. So just have some patience and wait until some assay results are available. If you want to believe many of the “half baked” opinions that have appeared here then go ahead and sell your shares but do so at your own risk.
Last week was only a very small taste of how quickly BOA’s share price can rise and it was all done on what was not really great news. Even if the current hole proves to be a duster there are still some very good other targets to explore and hopefully long term holders will be rewarded.
To the clowns who suggested the announcement was a ramp and would be followed by a fund raising – nothing could be further from the truth. CD was right across the WIN saga and would never consider doing that. Anyway he still has over $2M in the bank so no extra funds are needed for now. And to those posters who intend to go to the AGM and raise their concerns about how this announcement was handled – I suggest you re-think and maybe go there and recommend that the MD gets a pay rise. At $120K pa I think he would be one of the lowest paid MD’s in the country. I did post the following figures earlier this year:
The following figures are taken from the March, 2015 quarterly reports for these three companies.
Now I know that BOA has not spent a lot of money on exploration yet but as mentioned by other posters, the admin expenses are very well controlled.
|
Column 1 |
Column 2 |
Column 3 |
Column 4 |
| 1 |
Item
|
Windward
|
Matsa
|
Boadicea
|
| 2 |
Exploration
|
554,000
|
740,000
|
76,000
|
| 3 |
Administration
|
302,000
|
594,000
|
53,000
|
