Good for you Ganderson, it is very unusual to get objective posters on any Hot Copper mining resource forum.
We usually have rampers of limited intelligence, with excessive testosterone and alcohol levels, motivated only by excess greed and ego.
Most of them probably get beaten up (metaphorically speaking) at home by their wives or husbands.
Just look at any forum here, for any mining stock. Then the idiots turn around and ask why we bother posting if we think this way, it really makes you wonder at the human condition. Who gave birth to these creatures?
I suppose though, in reality you can not blame them too harshly, they are people who's hope usually overwhelms them (especially when their stock is being hurt).
We all want to make money. Some go quiet when their stock sinks, some turn into Bolsheviks. Over time, you will recognize the behaviour by the name.
And by the way, I am a shareholder in this company.
I have contacted the company on occasion. They have a standard reply though, stating that they can not disclose the details you request because of confidentiality or some other inane excuse (when lots of other companies do respond with the information).
They usually state that you will just have to TRUST the company. This is a novel approach by the directors and management. And when you present examples of how dozens of other mining resource companies have provided similar information to their shareholders, so why can't Ashburton, they just do not respond - sic.
What can we say of this?
Well, they are either egoists, or premadonas, or supremely confident, or confidence tricksters, or professionals, or they don't have a clue what is going on and are trusting to pure luck. I have a small shareholding, punting on pure luck.
Welcome to the world of small cap investing, and the investors who follow these companies, and the directors and managers who purport to run these companies (from which they often make an obscene amount of money - worthy or not).
Gw
ATN Price at posting:
4.3¢ Sentiment: Hold Disclosure: Held