I can't be arsed BUT, just imagine that the new BoD turn this around..........................will Clayson be able to put in his resume that he was CEO of ECR from 20?? until 2016 at which point he left to concentrate on Cordellia.
He WON'T be required to include that he ruined ECR during his time here.
who is gonna go through Craig Browns resume and check that it is all cushty...............
I still think that Craig Brown must have been at least partly to blame for the 3.5 billion share placing or surely as a financial wiz he would have come up with an alternative.
If it is Craig he would have seen the running of the company and formed ideas on how to move forward. Think he needs to be given a chance. Agree for all investors that were royally shifted and I use my language carefully from 0.2 to 0.1 placing at the time I think he needs to come out and explain the discount as surely wasn't needed to that level at the time and whether formally or informally he needs to put some meat on the bones.
That said he has experience which we should research and see whether he is a man to turn things around and to invest in. I'm keen to see any funds raise not at a discount and there is money out there and with such a drop in share price it should be easily sold even at market price to install some confidence for new investors to share the future plans of the company and growth.
Craig was a founding shareholder of Kryso Resources plc (“Kryso”), a gold exploration and development company which was admitted to trading on AIM in 2004. Kryso was restructured and renamed China Nonferrous Gold Ltd (“CNG”) in 2013. Craig acted as Finance Director and Company Secretary of Kryso before becoming Managing Director in 2010 and stepping down from the board in September 2013. During this period, Kryso/CNG delineated a 5 million ounce JORC Mineral Resource at the Pakrut gold project in Tajikistan, completed a bankable feasibility study for the project, obtained debt and equity finance for mine development, and commenced construction of the mine and infrastructure.
Since 2013, Craig has continued to act as a consultant to CNG, during which time CNG has successfully obtained additional debt finance in order to commence production, completing the first gold pour at the Pakrut mine in 2015. Prior to his roles with Kryso/CNG, Craig held positions with Gulf International Minerals Ltd and Nelson Gold Ltd, both of which also successfully put gold mines into production during Craig’s tenure. Craig holds New Zealand nationality and is currently based in the United Kingdom
Could the value of ECR as a shell company possibly be worth more than it is as an ongoing business? If assets are sold off and the company closes and/or moves to Australia, could the shell be worth more as an RTO vehicle for another business?
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