George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Anybody who thinks the management of valirx have been anything other than a disaster need to see a shrink as much as they do imo ! What the oncology world thinks of them , god only knows, shame on the lot of em !!
never said BoD, I said only a handful know, we had to amend?
or maybe you could be a wife, who knows for sure?
dont worry, wont ask to join, as there is no "cause"
ONLY fair play, which, up to now, has been a very one sided game imo
as you say, lets wait and see where this goes... :)
Good post SL,
Freddie, just because somebody quotes the same report as GM does not make them that person, you really, really do not know how obviously wrong you are! Regarding Valju point about me knowing the process he followed so I must be one of the board , it was quite simple to see when he/you stated what he had done and what he expected the board to do in response. No inside knowledge from me just a bit of normal research about the process to be followed.
Never going to convince you or join your cause so I will simply wait and see how this unfolds.
and in the process I've recommended your post
Good post SL100 and point taken ...I'll have a cuppa and sit back ...as I've had my tantrum....
Fred- I understand that in the heat of battle things are said that in hindsight might best be left alone.
Early in this campaign, I alerted you to the need to avoid excessive insults and derogatory comments directed towards members of the BOD et al.
Question- What is it we are trying to achieve?
1. Preserve and protect our investments
2. Support a company engaging in worthwhile research
3 Engage in a destructive ****ging match against the BOD and others who post here and engage in various conspiracy theories
1 & 2 are I would say our primary objectives.
So let’s focus on that. We can’t control what the BOD do behind the scenes as it were- hopefully it’s positive.
We can influence what they do in the public arena and they have already had a very good example of it.
Some very good work had taken place - huge effort- many tired - but nothing will be gained by engaging in (3) however temping it may be.
Objectives (1) and (2) are our concern and we need to focus on this. It’s OUR company- we don’t destroy what we own - we act to preserve and defend it.
That’s my understanding of what the Action Group are trying to achieve.
We act in accordance with the rules with integrity respect and within our rights as shareholders.
While we may feel we haven’t been afforded the same respect that furs to give us the right to shout insults etc.
If we want to win for our company then we do things by the book- there is no alternative and also no guarantee of victory. But they want a result as much as we do. Maybe more so.
Anyway just my thoughts.
Thanks Rightback ...I appreciate the support from so many shareholders who savings have been hurt by the actions of two in particular....
RHD.... unlucky eh.
Shows what low levels this BOd will stoop to try and turn heads in there own direction again for financial reasons.
Note. just be aware of newcomers to this BB claiming the bod are doing a fare enough job that no one else can possibly do.
Keep going Freddie I don’t think you realise how much support you will have come DDay.
Well done spotting that Valju....how many aliases do they have....I know at least two....one renown for disgusting language deteriorating throughout the night, albeit improved since his card has been marked. Who infiltrated our group....showed me copies of several one to one emails....guess who they may be?
They made it so sinister that I couldn't share the total pledged shares as I didn't know how many cuckoo's were nesting with us.
As a result I had to stop replying to many honest shareholders fearing they were planted by George Morris.
They are a total disgrace, there's no other way to describe them.
On top of that playing mind games with me knowing full well what I am going through. Every opportunity every route....and they can get their lawyers onto me if they want to as I've had enough of them. Do your worst George or step down.
I've had enough of your stupid games...and Satu don't blame the denial of drugs to patients as a result of my activities ....why not look in you coffers...and see where the cash has really gone.....
I would ask how you know we had not proceeded correctly?
Other than my stating I sent the proposal, twice on the same day and second hand shareholder comment?
As Fred says, only a few are aware, that we had to amend our proposal application to comply with correct procedure?
RHD1....What the hell are you on about....the only people that have quoted that report to me were GM/Satu....what planet are you on....look at the current share price....work out the value of the company and then quote the % taken out by two greedy individuals...
Who's fault is it for the current sp collapse....us gamblers or those highly qualified, one in particular, apparent idiot.....or could they be clever buggers that have been found out. No one can support them...No one.
I've tried to be fair, supported them until I realized what they are really like.... I've been straight down the middle ...but no longer....they are a disgrace....with no defense and must do the honourable thing. Not as they did at last year's AGM and blame their lawyer....what a contemptable couple....enough's enough.
SL 100
Val’s only going to progress through funding yes but acquired by any other person apart from G&S because they have a track record that states they do not know how to finance a aim plc.
I’ve been investing 30 years and yes most fail some lucky for me will give 1000% returns and those that done generally don’t have lying top brass.
Vuljus hit the nail on the head, so far all we’ve had in reply from them is SOD YOU LOT WE ARE NOT BUYING SHARES OR TAKING A PAY CUT. Need I say more.
This is taken from the Report: AIM Directors’ Remuneration Report 2020 dated 17 February 2020. which might interest some.
https://www.bdo.co.uk/en-gb/insights/industries/aim/aim-directors-remuneration-report
CEO median total remuneration for AIM listed companies is £324,000 which is 30% higher than the equivalent figure for 2014. For FDs/CFOs, the median salary for the latest year is £208,000.
This figure marks an 18% increase from five years ago when the median salary was £175,500.
The percentage of individuals receiving a bonus has been quite steady over the past two years. For both CEOs and FDs/CFOs, just over 70% of executives have bonus elements included in their remuneration.
Despite what some conveniently say, I am not in any way associated with the Board or anybody working for Val, just a long term holder with a substantial share holding.
Without prejudice.
SL100..I'm not one to mince my words so let me put it this way.
I suggest Valirx are not only developing drug lines, along with their peers, and in the process presenting shareholders significant risk but the BOD appear to be allowing two mavericks, in particular, to make statements which are not only misleading but apparently down right lies.
On top of that they ignore FT Kate Burgess advice and enter into a spiral of death deal....with Pierre Vannineuse....
Just look at the damage these clowns have inflicted on the share price ...and have the audacity to call investors gamblers. I'm happy to play the tables in Las Vegas, albeit the odds are stacked against me .. but at least the house doesn't play with loaded dice.
It's all too chummy and I'm sure all will come out in the wash.
In the meantime if one is shown the door and the other pleads mea culpa, some level of trust may well be restored.
I will tell you now. If they don't and Valirx go down I will spend every minute available to me to ensure the authorities make them atone for their sins.
valju,
i suspect that the silence you refer to is simply that they do not have to answer you unless legally required to. You may think that arrogant but they clearly don't, you are the ones with the proposal and have to ensure that it complies with all of the correct procedures,not them until you have done your bit.
ValJu - totally agree. When I read the annual report one year and saw CEO was being paid £250k I think it was I was stunned.
Not looking to score points here SL, just "discussing" civilly, but had salaries & bonuses been sensible, as had the finance deals, they would have easily been able to keep going, without so much discontent? imo
And even now, when we are all, pulling in different directions, a GOOD CEO would have done something, to bring the sentiment and calm and TRUST back... as would any GOOD COO ensured the funds for trials, reports research, etc, were put before raises and bonuses?
Still what will be will be, now
Am I correct that we are "kinda" at the phase 2a stage with VAL201?
With phase 2b/3 required before potential market approval.
Okay ValJu - point taken stand corrected. But even Val 201 is only at phase1/2 if I’m not mistaken.
SL, I'd hardly say we are still, "early stage" especially with the "it bloody works" and six interested parties and two letters of intent?
But, I agree, some difficult choices have to be made and soon!
I have always believed "talking" it through on an equal basis, rather than one side "telling" the other, its this way or the highway, so to speak.... and really the silence and emails I have received personally to date! Does not give me any indication that "talks" would help at this point?
It will be a case of another vote imo.... be interesting to see if the boD allow this to happen?
AS THEY ARE SUPPOSED TO ACT IN THE COMPANIES AND SHAREHOLDERS BEST INTERESTS ARE THEY NOT?
Rightback- some deals made by the BOD were not great to say the least - the mad debt equity financing was appalling and they soon made moves to address that. Look companies on AIM make lots of mistakes. Many don’t last in the end and maybe VAL won’t either. But it’s up to them now to investigate alternative sources of finance. WE closed off the equity route - tightly or wrongly- dependent on your point of view. Okay!
F'ck me this is like death by a 1000 cuts. 6 years and 34k wasted on these losers.
Drac
They won’t correct you re the deals.
I’ve a feeling SL100 and a few NEW posters on here still backing this BOD are part or know to the BOD.
Dracula1- repeating the same dogmatic messages as others have posted may be reflecting the truth as WE see it but as rhd1 has said and rightly- these shares on AIM - particularly early stage biotech are notoriously risky. Some posters have already alluded to their experience with such companies in the past.
There is no getting away from the fact that without partnerships or similar relations equity financing is the only route. That’s reality I agree with ValJu and others that they could have kept a much tighter grip on operation costs and overheads- especially executive salaries which are too high.
Financial fundamentals are however similar for most early stage AIM companies.
You think that the BOD Didn't get enough time and enough FIRESALE PLACINGs ?. Without Fulfilling any of the Deals?. YOU think that the BOD should be allowed to carry On forever Doing Consolidations etc. Feel free to Correct me. IMO.