Is something I wonder about... Dekel remains bullish about our "world class asset" and its huge potential.
Despite numerous interested parties over the years we have never received a formal offer for the company - the latest of which was "raising funds" having done due diligence. The Chinese interest seems to have been and gone.
Dekel talks of not giving away the asset but I'd love to know the price he wants for it .... 50p per share? more? less? I hope his greed does not count against us - the shares have not topped 20p in years - we need to be realistic we have a good asset BUT no way of developing it economically, raising funds would mean huge dilution for holders and no promise of success as we have no gold mining experience on the BoD.
I would love to know the position of our biggest holder... does he support the BoD or want out at a modest return.
Forgot as a footnote, our chairman, Christopher Palmer-Tomkinson, stuck his hand in his pocket in Dec '14 for shares @ 15p taking him to 6,275,000 Ordinary Shares, representing 2.30% of Chaarat's issued share capital.
So, there's a lot of 'sticky' shares with the Directors and Labro. Whether China Non-Ferrous and First State are still sticky remains to be seen.
Thanks for pointing out Linda's update - I hadn't spotted it.
I keep copies of the old major shareholders so can easily compare.
There aren't many changes since the 23rd June 2015 list but those are :
First State Stewart (used to be called First State Investments) down from 7.23% to 5.19% UBS Wealth Mgmt first appears with 3.4%
No other changes at all. ------------------------------------------------------------ Can't find any notification of UBS Wealth Mgmt arriving so will ask Linda. I'm thinking of emailing her with regards trying to improve sentiment. IMO they made a big mistake issuing the optimised FS alongside news of apparent spat with China. The latter completely stole the thunder from the former.
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