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williak

5,354 Posts.

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29/04/16

08:12

Post #: 17627272
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Originally posted by rocket973 ↑

williak, I note you're also a holder of IRL, same as me. The Indian turkeys who manage ABY are an example of whats its like doing business in India.
The ABY management are about the dumbest on the planet, Hindlaco selling to MLX for under the cash held in ABY just proves what absolute fools they are. I'm surprised the Chinese haven't come in to try and steal ABY too.
The Directors in ABY have no shares, just been picking up inflated salaries without the brains to manage the company successfully.

You might have noted that I no longer post of IRL, due to the fact that IRL management have threatened legal action with HC. Just goes to show the lengths some management will go to. They do not not like criticism, even though its justified.
Fortunately I'm nearly at breakeven with ABY since I averaged down. Not so with IRL, first bought at 24cents, look at it now. What a great accomplishment.

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Yes rocket, I do hold IRL. Been there for few years also. I am 3rd in line @ 0.002 trying to average down, before I reach my grave.

Yes, it is always difficult for us, when management is from a developing nation. There work ethics by and large, leaves a lot to be desired. Look at AFT, hasn't traded for about 6 years, run by Chinese.

ABY Price at posting: 29.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last $1.04		Change 0.025(2.46%)		Mkt cap ! $96.30M

Open	High	Low	Value	Volume
$1.02	$1.04	$1.00	$15.83K	15.67K

Buyers (Bids)

No.	Vol.	Price($)
3	11000	$1.00

Sellers (Offers)

Price($)	Vol.	No.
$1.04	5090	1

Last trade - 16.10pm 27/09/2024 (20 minute delay)

ABY (ASX) Chart

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