I think a little loose. U spot price rose about 25% during 2018....

I think a little loose. U spot price rose about 25% during 2018.

AEE went down by nearly the same %.

Why?

Some people have suggested the 3 big holders who were in for the gold sold out.

The CR in March 2018 says:
"The placement was made to existing shareholders, including Aura's long-term strategic shareholders in London, small cap funds..."

The announcement then goes on to talk about the Haggan project.

https://www.asx.com.au/asxpdf/20180329/pdf/43stkjwk1g6hgf.pdf

So who had been peddling the angle about large holders selling out because of the delays in the gold project? I know.

I put it squarely on poor performance of management resulting in delays.

By the way, out of the $3.7m raised back in 2018, more than 10% went towards Peter's remuneration. Excluding the 17.5m performance shares granted.


All imo.