SI6 50.0% 0.2¢ si6 metals limited

@NamvoThe stock shouldn't get crunched to all time lows and...

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  1. 23,832 Posts.
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    @Namvo

    The stock shouldn't get crunched to all time lows and some 2,000 shareholders shares potentially acquired prior to an acquisition being announced

    As I said, management have done nothing here since the Mirroplex deal was scrapped, yet continue to incur a heft quarterly corporate burn 

    Something so minor as reducing admin costs to that of a shell, locking in RC program in Botswana and confirming gold acquisitions are a priority, this would be 1c+

    It appears that management are happy to concede and raise on or below all lows without so much as even giving it a crack at a rally before diluting everyone 

    It's very convenient timing too. I emailed Eddie on Feb 7th asking for the register and said I had correspondence to send on behalf of a SHAG (shareholder action group), I also told him I would be contacting the register to lobby for a board change. 
    https://hotcopper.com.au/data/attachments/1436/1436102-80ce4ff32961547f541539a8493ae23e.jpg


    The next day an announcement whereby a broker could potentially receive 30M+ shares on the lows and making them one of the largest holders

    Do people think this passes the pub test ? I wonder if the takeover panels would ... 
    Last edited by vontrader: 12/02/19
 
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