Bullant, your points are well made, but I'm sure the funds got a lot more detailed info than we have seen & this was our 3rd time bumping at 20c .......... and people who have been supporting this thing for 2 years at these levels didn't get any lick.
Anyway, I have had a think about this & to a degree I have now moved a bit towards Windlove's view.
The announcement was very technical & totally over my head.
So what does it mean???
If the company knows then they should explain it in language the shareholders can understand. Or do they think we should just let them go & trust them that all is good (like SYR?).
This company has taken a totally different direction since Trevillion left & has not played up it's prospects or the resource, its quality, its location, etc. They have played a straight bat with all announcements that left our share price dangling around the 6c mark for over 12 months.
They took the approach, 'build it & they will come' allowing the resource & company to speak for itself.
As a shareholder I accepted that & was content to let management go with the industrial company style of management giving a quarterly report of progress & earnings & not much else (let them eat cake). I'm not sure I do anymore.
Trevillion may have been ahead of himself but at least he told us what was happening, kept us up to date & carried us along with where he wanted to take, & was taking, the company. It didn't work out but that does not change the level of information & involvement we, as shareholders, receive & deserve. We are the ones putting our hard earned into this & it's now time to bring us along.
So to the latest announcement. I am told that this is a pretty big deal announcement, but why is it? What do the results mean & if they are really good why, compared to what standard? Who did the testing? What is their record & industry involvement & status? How does our product compare to others tested? Top 50%, top quartertile, top 10%? I can accept that testing of graphite for these high tech products takes quite a bit of time to set up, test & record results so is it that hard to tell us whats happening while it is? Keep us up to date & involved. As an example, this testing was so important that all it rated was a paragraph in a company update without any comment on who was even doing it. And that company update followed no separate news flow for 2.5 months. I thought we were an explorer/developer, & things are happening!
By the way, has the drilling started?
How much has been done?
How much will be done?
Has anything gone for assays yet?
I just think I'm getting a bit tired of the arrogant Melbourne Club style of superior management.
I'm glad I got that off my chest.
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