71C
myg have touted a management change and its fair to comment on that. what we got are serial non performers.
mUTINYS Chairman Brown is famous for spending millions of Mutiny funds in Victoria on a project plan on which he had no resource, that's dumb baby and a waste of millions and the want us to be excited about the prospect of the company's share price under his leadership !
Rowan claimed to have economic stockpiles but it turned out to be waste and two things stand. Either he doesn't know how to assay, which doesn't bode well for Mutiny or otherwise how do you explain him claiming repeatedly that there was substantial gold when there was none ,how does that happen and how does he get another job ?You are a knowledgeable guy so id genuinely want a comment.
I don't believe in this management team. And neither does the market, there are stubborn holders in shock but not willing to accept this disaster and a market not interested or not trusting the current management. The stock hit an all time low off 2.6c yesterday on a day gold went up $30!
Talking Debt....that's another point....Ausdrill are loaded with debt and you know Mutiny has $6m due to Sandstorm. Not sure when but mate this current team are going the short way about seeing this price dip to below 1c.
Your rational of seeing Ausdrill fall to 6c would see Mutiny at about .o1 of a cent !
They had the gold rise yesterday and the share price dipped. Today nothing, zero, no trades, is there a plan to trash this stocks price ?Why arn't Argonaut, the highly touted brokers wheeling in the price support ? Is it Because they don't believe in this team either ?
Need a new and proper team ASAP and that is going to mean a new and bigger drill program and you are correct a new capital raising as they are out of money so some serious pain coming.
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