15 October 2015 was the deadline to pay up and secure the extra 9% of NCF (from 24% to 33%). That 9% of a stake of 33% in a market worth US$1.1 Trillion .....
Previously any extension to the deadline date was "Market Sensitive Announcement" ..... We've passed the deadline of 15 October 2015 and no announcements, nothing, zilch, nada. Surely GER needs to provide an announcement to the market, a "Market Sensitive Announcement", consistent with their past announcements?
For a company that is "grateful to it's shareholders" (blah, blah, blah, blah) ..... we're being treated like mushrooms!, have they not a legal obligation to provide info to the market that would affect the SP, as soon as possible????? They did in the past in respect to payments to NCF.
BTW, I will not be supporting the 5,000,000 options given to Sam Marks as proposed at the AGM.
No matter what happens, from here on in, I'll not trust any announcement from GER. Credibility ..... ZERO. I'm hoping that we end up with 33% of NCF, and if we do I'll be selling my substantial amount of shares in GER because I've lost faith in management's honesty. If you cannot trust the anns, then there's no point holding. It becomes a punt!
It's hard enough to find a decent company to invest in, but these days it seems you need a Masters in "Wordsmithing" ..... Mum and Dad investors, this is NOT the company for you. I'm out too, ..... shortly.
Have you really made an arrangement with NCF well after the deadline date ????, BS'..... All other changes to the deadline were "Market Sensitive Announcements".
My humble opinion only, but one tends to lose faith in ASX listed companies very quickly. Mind you, there's the 5,000,000 options on the table for the MD, that's where the money is made. Investors/Suckers come a distant second despite the rhetoric.
