Five years ago this month I bought into Wildkat, later to become Earthvest, then later to ALLMINE GROUP. Original shares were bought at 25c then six months later at 30c.Investment capital was to assist the company in buying other small engineering companies,if suitable, with the end result to list on the ASX. The IPO was to be at 50c. Then came the GFC and a rerating to a 20c IPO. The Company was asked to consider some way to even out the 'over IPO' prices paid up to three years before the IPO came to fruition. Suggested 3year unlisted options at 25c or 30c was rejected by the Company. As it is looking possible that a takeover may eventuate,I would like to think we shall receive an offer better than 30c.The record of the share price has been ridiculous so far, I'me not too sure it will be pushed high enough when the buying premium is added,to top 30c. Before somebody tells me I should have averaged when around 10/11c, Allmine was my retirement fund invested 5 yrs ago and the current age pension doesn't allow for such extravagances.Just totally pissed odd with this company!
AZG Price at posting:
15.5¢ Sentiment: None Disclosure: Held
