Value Investing - Growing My Money Tree
Notion- Alcyone suspended in Australia
Very Worrying progress with the investment made by Notion.
on 5th March 2014, Alcyone is asking more money from Alcyone share holders by issuing Right Issues. Which means Notion has to inject more money to the company. At the same time, exploration has to be suspended, but silver is still produced from the heap.
Then 18th March, ASX, the Australian Stock Market operator suspended Alcyone's listing in failing to provide Financial report! The Alcyone management has come out to explain that it was done deliberately in view of the proposed right issue. I find this baffling, Why can't financial report be provided with a planned right issue? I could only speculate the report might be very poor.
Not a good development.
Happy Investing !
(For more company articles please click: Company Analysis)
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
lucifer
Notion is f.....ire all up... burning in blaze.
2014-03-18 22:59