Same thing happened to me back in 2008. SBM did a capital raise...

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roka

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18/10/17

23:31

Post #: 28015050
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Originally posted by 1for1 ↑

Well lads, look only to BGS if you want to be inspired on board spills and making management accountable for their actions and shareholder money.

I say we mobilise and form like voltron for common benefit.

Gold is doing well monetarily but gold stocks on the asx are a very sucky motor indeed.

I think the board could slash a good 1/3 off their hefty entitlements and they will still be very overweighted and will require some more fat to be trimmed.

Management really and honestly do look to be purposely sinking the SP - to what end I do not know but releasing the only positive announcement all year after market on a Friday and leaving all other communication to compulsory reports with basically no drilling updates or any kind of bone to give to market to get them excited.

Its almost like they are getting paid on the side to ERODE THE MARKET CAP, so a friend can step in and buy us up on the cheap with a kick-back for said illegal activity.. highly speculative and illegal yet is the only realistic scenario I can come up with as to WHY Luke T and the boys want to run us into the ground (seemingly on purpose!)

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Same thing happened to me back in 2008. SBM did a capital raise and killed the share price and it all went down hill. Company was resurrected with the Board owning a huge number of shares, then all came good and now SBM is going great and the Board has made a fortune.

SLR Price at posting: 37.5¢ Sentiment: None Disclosure: Not Held
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Same thing happened to me back in 2008. SBM did a capital raise...

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