The issue with this stock is imho Gary's judgement, or lack of it. Was so poorly punished by the market and his shareholders on his poorly timed raise- and for short memories the entire registry stumped up only $30k from memory- that's just extraordinary never seen such a poor participation rate ever.
And knowing the participation rate was so poor- one would think management would tell the market ....look we only raised $30k....however all directors have taken their full entitlement plus shortfall .....directors bought none in the raise......And Gary is on a very large wage for such a small cap stock so no excuses there
The market doesn't have an NAE project issue imho- it has a management issue
NAE Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held
