Dave and Richard looking to pick up AUD150k worth of shares in...

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MrBlonde

103 Posts.

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28/02/19

13:37

Post #: 37603431
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Originally posted by benspurgin ↑

Hi Folks

I am a very disappointed LT BUD holder. DM is like a fiction-writer, but the one thing we now know about him is that self-interest is King. Sells large tranches at high SP, performance shares aplenty, despite the delivery woes of OHM. Having said that, why are people piling out of a stock that MUST get back to at least 8 cents, given the CR price of 8 cents and the additional commitment by all BUD BODs to take an initial position at that level? I note the position size has not been mentioned by DM. The cynical BUD (victim) holder in me can foresee them taking a thousand shares each at 8 cents, when the SP sits well below that figure! Suckered again!

But the big boy backers for the LIFX deal will not pay 8 cents in March, 2019, if the SP is significantly below that figure. So watch for the miraculous SP pump in the pre-signing negotiations with LIFX.

If I am correct, this daily capitulation selling into ever-new lows we are seeing in recent days will soon reverse and climb well past the CR level by mid-to late March, 2019. Self-interest by management and the institutions can work for us here....

Loyalty is a one - way street with BUD at present. We are financing an enigma deal wrapped in a mystery based on fluid information that is revised or forgotten at will. That is not how the ASX Disclosure Principles are supposed to work in my view.

Not happy Jan.....!

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Dave and Richard looking to pick up AUD150k worth of shares in the cap raise for acquisition. Not A LOT in the scheme of things

BUD Price at posting: 6.6¢ Sentiment: None Disclosure: Held
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Dave and Richard looking to pick up AUD150k worth of shares in...

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Native Mineral Res eyeing producer status in 2025 with restart of QLD gold plays

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History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up