No argument Rogue .......what a bunch of WOOD-DUCKS !!!
Needs some REAL dirction ... this is craap. 100 mill bits of paper (50% extra) for a paltry 2 mill when spot AUDPOG is now at 1550 and heading for 3000 !!!
WHY DIDNT THEY PRO_RATA with underwriting to give us first crack at it. usual answer mates line up their pockets and pro-rata later at higher prices to set in their profits !!!
They have just completed a successful scoping study showing robustness on a 1- 2 BILLION DOLLAR IGV next to a 6 mill ozs deposit with a USD 350 mill price tag and these turkeys give away paper at 2c ps for an EV of 4 mill lousy bucks !!!
Hey bros, u couldave sold the project for 50 mill cash if u really tried and handed back 25 cps to shareholders !!!
UTTER DISGRACE ....... and note who took up the first shares .... friends and family of Blackwwods ... they mustave been licking their lips ... DID DIRECTORS TRY OTHER ALTERNATIVES ???
Fools.
IMBOOC
directors fees, page-9
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