$Alliance Mineral(40F.SI) Gonna tumble till kingdom come
I wonder any news from the EGM?
i mean there is so many stock that are profitable and growing. why bet on 1 that keep having issue and not profitable?
this stock remibd me of linc energy - overhyped, lots of prospect but also saddled with debt and a management who promise the sky but yet in the end investors gt burnt badly.
With Current operating margin at -19.501, negative retained earnings for 5 consecutive years, this counter is in grave trouble.
Whenever I saw this AM post, I will like to mentioned that this is the lousier
stocks ever. Tumbled after high at 43 cents. Why? Management sucked. Operating cost too high and yet, not able to pocket $$ from their selling. Next insight advertised them very good but what happened. The price keep falling. No buying back of shares and merger also doesnt take place at all. Anyone who touches this stock will ultimately lose their monies in the stock market.
Reply to @layers : Not true, price is drifting down
I cut loss half my positions today.. sad sigh
Reply to @christophertan0 : Small miners harder to survive, esp. those dealing with one single mineral. Lack of economy of scale and higher operating cost/debt. This is the same for Geo energy and many smallish oil players.
$Alliance Mineral(40F.SI) Under the upcoming EGM, they might consider changing the name?
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