total agree, KH has treated shareholders very badly , wasted a lot of money getting no where. This BOD have a huge disregard for share holders and invested money . there is no clear plan to take the company forward and even less communication !!! As wantmore than24p says on ADVFN its time KH was taken to task or better still sacked before the money runs out . What the hell are they doing with the cash . Year after year , mistake after mistake, delay after delay , and how far off are we now . GO elsewhere how , his reputation is in tatters Get this company moving forward now by buying a revenue generating company or resign or sell the company MR KH stop using asa a cash cow.
Hart cannot comment at all on Tanzania as the company are still doing their DD. Agree we could do with bomono update, but again, he will subject to Actis confidentiality clause. Etinde - he is waiting for NA to confirm date. Kenya - on back burner. The news will flow when he can issue it.
Nobody expects to know when negotiations are being conducted of a sensitive nature. But we do expect the Chief Executive to spend some time when he does prepare a press release, giving as much information as possible and outlining the potential impact on the company, where appropriate, going forward. As it is, they appear to be an after thought with the bare minimum of fact given and usually raise more questions than answers in the minds of shareholders.
Pay aside, as I certainly agree on this, he is probably bound by confidentiality clauses on any potential deals he's doing. I hope/trust he working behind the scenes to get things done and only then will he be in a position to update shareholders. Keep the faith
It is the Board that must force the changes, Hart will not or he would have done so already. Regarding executive pay, a typical Toronto listed resources of similar market cap would be earning $300,000 +/- 15%. Incentives would be in the form of stock options, not awards. In that way the share price has to go up for the options to be worth anything. The pay scheme at BLVN has no bearing on share performance. Where is the incentive?
This is the first time I have posted on this site. I am a shareholder with shares in an ISA and ordinary share account. As a former CEO of a TSX listed company, I am appalled at the apparent disdain of shareholders by this company. The overblown executive pay and bonuses apart, the minimalistic press releases are an affront to our intelligence and importance to the company. I used to take a lot of care in keeping shareholders as well informed as possible, not only by press releases but also by detailed quarterly reports. It is time the board of this company, that is supposed to represent the interests of shareholders, ordered Hart to sit down and inform us what the plans for this company are for this year, in detail. That should be the criteria by which he and his team are judged, not " we were crap this year and shareholder value has been decimated but others were even crappier so we deserve a nice thank you". Personally, I believe he has outdone his usefullness and the board should be looking for a replacement to take the company forward. . I dont buy this "I can go elsewhere argument".
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