I thought of DMA as a strategic asset in an area where its designed for AGO's next growth hub (ie. Horizon II). So there are benefits to buy in DMA.
But of course for a company to run well, you need a competent board and management. Yes a divided board is not great.
BUT a incompetent board is also not a good thing. Tay is the best example. I mean who uses the company's money to trade shares as a primary source of income? Esp. for a iron ore company which is heavily embarassing to speak out for.
YES, now we have a united board filled up with Tay's mates who are all above average business men, but lack mining or geology experience, which is a bit of a concern.
What also gets me was Tay's attempt to get rid of Xinghua's nominee director. To me its like getting rid of your customer who has been financially supporting the company.
If Tay is any good, then he should start buying more shares on market to pop the share price to over 20c and restore shareholder confidence.
He should sit on his desk everyday moving a big order for DMA shares up and down all the time but not buying it (everyday I look at the market depth and notice one person having a big order like 400,000 shares originally 16c about a month ago, then moving it down to 10c a few weeks like then moving it back up to 13-14c), just to try and buy it cheaply (shows all Tay's confidence in the company too). Also I have no interest in LTX, my interest is in iron ore and RESULTS.
DMA Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
