Sorry Guys, I didn't make the meeting today I had to go back to the hospital for an emergency. Despite some otherwise meticulous planning on my part I had to abandon my plan to attend the meeting. So I cannot comment on what was said or asked at the meeting.
The chairman's statement in regards to the cobalt potential is gag worthy in so far as (as sydneyguy eloquently states "rinse and repeat") this is classic Uncle Wayne :"feed the chooks" material ( and even uncle Wayne borrowed that concept from old Bjelke!) .
I note he has not given a time line for resumption of trading on the ASX and no reference whatever to whether they are trading whilst insolvent. In regards to the latter point they had $38,000 in cash at the end of last quarter and only debts with no income or drawdown facilities left, so I cannot understand why or how they cannot /have not called n the receivers or administrators . Even the chairman's salary would have swallowed that amount in a few weeks.
Anybody else attend??
sentiment : TFO
position: waiting to sell
