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clock Created with Sketch. 11/01/18
20:24
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Originally posted by speccy
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Whilst the drilling/geology is obviously going extremely well, questions still linger over some management decision making. The latest SPP is a good example. With the ann saying that the ex date had already passed, there was no incentive to buy and only incentive to sell; which is exactly what has happened with the SP falling from $0.34 to $0.28. Had there been news to follow the SPP ann, it would have mitigated the damage but, as it is, it’s just poor management IMO (and in those of a number of other SH whom I’m in contact with). A very similar thing happened with the last raise in August which sunk the SP from $0.20 to $0.14. Both these examples disrespect all the SH who bought shares before the raise. Unfortunately, the lack of proper promotion of the company falls into a similar vein of IMO, poor decision-making with the result that AML is still very much under the radar. Barolobill posted an excellent chart showing AML’s poor SP performance vs other Australian cobalt shares (who promote themselves far better). Come on guys, this is a fantastic discovery get your act together ….!
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The upgraded resource estimate at the end of the month (a few weeks) will help the market understand the potential at Walford Creek. They have just raised $35mill, so some digestion is always needed. 28c should be the floor, give or take.
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