You're right, there is no point blaming others for investment decisions. And fortunately a fair few people, myself included, have been able to pick up cheap shares because he nearly took this company to the brink. Not because of the slump in commodity prices, but because of a catalogue of unforgivable errors made by the company that he was paid very handsomely to run. At least he had the good grace to fall on his sword and go quietly.
He talked a good tale at one time, but I would never invest any money in any company that he is actively involved with. Lozan upset the apple cart on many occasions but he was right on the csp score. It's interesting as there is an old thread that delt and lozan used to use. It's on the mining section under general chat. Also, I noticed on the bmv board there had been one of those unsolicited offers made - ring any bells csp? Go ahead, take a look
CSP undoubtably damaged the company, apart from hugely exaggerated expectations he lent BEM money in the form of an unsecured loan with NO repayment arrangements of £280K+ to Agricola Resources, another semi-defunct company from which he then drew such money as Directors remuneration payments to himself. Or is that just normal Banker behaviour? W
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.