CMM (ASX) Ann: Shareholder Request for Meeting

I searched on google and sent him an sms. He called me back about 30 minutes later. You can do the same if you wish.
http://www.nerofund.com.au/contact/

Originally posted by Lownganong: ↑

Hi @eshmum,
i was on board EXU and found your insights very helpful. Congrats on reading how that played out - you got to make a good return twice in a relatively short time frame.
I admit I’m new to this. I’m just trying to learn and help others. Like I have stated, I believe that Nero wants control of the board to give HP an ultimatum to get them to accept a new RRL offer. That was how I interpreted what Russel Delroy said. As I suggested, send him an sms and see if he responds like he did to me.

I raised the director fees with Russell. He stated that with
their shareholding (41million shares), they want to see to share price increase rather than pay the new directors
a couple of hundred thousand.

In any case, as you and others have pointed out, the current share price seems undervalued which is why I’ve bought in and continue to do so (I actually bought more this morning at 7.3cents).
I have confidence in the current management developing the mine and providing a good return to the current shareholders in the process but if a good offer presents itself, I also have confidence the board will do the right thing and recommend shareholders accept. In either case, I strongly believe the share price will be north of where we are. It’s a win win to me.

Russell was concerned about the dilution of a large capital raising eroding current shareholder value to the advantage of the new subscribers. I am not as concerned as him having done my sums on what I think may happen.

Once again, thanks to everyone for your opinions and insights.

Expand

Ok so you searched on google and sent him an sms. He called you back about 30 minutes later ?. You can do the same if you wish.http://www.nerofund.com.au/contact/.. I am sure that he knows you or of you.. Who tipped you off to buy into CMM.?

We long term shareholders have backed this company from the start.. I bought in at 12.5 cents originally and chased the share price all the way down buying in continually as the price dropped. I bought higher than my average today at .071 and last week a bit higher 0.073. Obviously I am a little bit protective of this company because of my investment.

I am not happy with the attitude of these "want to be" directors or their history. They recently buy into CMM and now want to throw their 5% weight around like they own the company - IMO they can get themselves well and truly F..ked.

I am happy for RRL to come back and offer our current management a new REAL offer if that's what they want, if not, let's get back to the business of building this mine and send these "want to be" directors packing.

No.	Vol.	Price($)
2	4951	$6.23

No.

Vol.

Price($)

4951

$6.23

Price($)	Vol.	No.
$6.24	4512	2

Price($)

Vol.

No.

$6.24

4512

No.	Vol.	Price($)
1	135	5.570
5	14915	5.550
2	7023	5.540
4	10250	5.530
1	3000	5.520

No.

Vol.

Price($)

135

5.570

14915

5.550

7023

5.540

10250

5.530

3000

5.520

Price($)	Vol.	No.
5.600	26965	9
5.610	9400	4
5.620	15379	3
5.630	13592	3
5.640	6546	1

Price($)

Vol.

No.

5.600

26965

5.610

9400

5.620

15379

5.630

13592

5.640

6546

(20min delay)
Last $6.23		Change -0.130(2.04%)		Mkt cap ! $2.397B

Open	High	Low	Value	Volume
$6.20	$6.30	$6.18	$3.966M	635.7K

I searched on google and sent him an sms. He called me back...

Buyers (Bids)

Sellers (Offers)