Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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~~~~ "Toothless" ~~~
Brian Moritz age 81 Non-Executive Chairman of the Board
Roy Tucker age 76 Finance Director, Director
Brian Basham age 72 Non-Executive Director
Eric Diack age 61 Non-Executive Director
Probaly ~ I guess that`s what happens when you get past the retirement age .
IMO Baita will be taken to production and it will be a profitable mine. It was a mine in production not so many years ago. Mercuria did DD using SRK reports and decided to proceed with the first tranche. This is why I am still invested.
And yes could be more dilution, but like I think that the assets are good I also believe that Finance will come.
If I thought that everything was smoke and mirrors I would not be holding any shares, what would be the point?
It looks as though AP has played us like a fiddle and the rest of the incompetent board have been useless/toothless.
Does anyone one know the constitution of the company and when and if the board come up for re-election, should be a few rotating after the AGM?
I agree , in part , with some parts of your post Pepco , it is most definitely "A matter of faith ".
1. There is so much confusion surrounding this 6%(?) secret investor that I have to conclude that it`s a myth . in a well run , respected , profitable organisation this very strange behaviour might just be acceptable/believable ; but with this outfit , with this management , with their history ? Nope ! Just another tale from La La Land .
2. Where is the elusive SRK report ? Will we ever see it ? If we can not see it it simply raises the distinct probability that they don`t want us to see it because it`s a load of rubbish . For me it also raises the question , again , about how exactly AP managed to get these `Assets` , " On the cheap" .
3. We just can not move to production at BP without major finance , time is now running very tight (impossible) for the end of this year , so I certainly expect more of the same little CR`s just to keep the lights on .
This raises the question of how . How can they raise anything at the current SP level ? My reason for believing that consolidation is on the horizon .
4. Diamonds and That Road Map ! I totally agree with your cynicism , which is why I have often posted up lighthearted ;
~~~ ` Beep`~~~ `Beep`~~~ progress reports . No map , can`t drive , wrong direction , completely lost , soon back to the start .
I doubt that we will ever find the diamond on this treasure hunt , and even if we get the green light , how long is it going to take to squeeze any value from Zimbabwe ? I could see them splitting Rom and Zim , selling Zim (PP repeat!) to get focus on Romania which is at the root of AP`s future 401k (retirement pot).
5. Finance coming for BP ? Only in the context of some variation of the above .
I doubt they will ever get serious financial support to concentrate exclusively on brining this asset (?) into profitable production ~~~~~ Which takes me full circle : How/Why did AP get this "On the cheap" ?
What a b****y mess . imo .
We got now an III, cooler than an II, Invisible Institutional Investor holding around 6% of the company. These shares could have been forward sold and would not surprise anyone. IMO no way to be sure if the II is holding the shares or not.
SRK reports and Carlingford financial models that should give the market an independent valuation of the NAV of VAST Romanian assets. Main purpose of these reports was to bring Financial Institutions to buy in open market to appreciate SP. Unsuccessfully for now, I must say. The reports would be published for everybody at some point, IMO.
We got Finance coming for Baita that should start production this year. We have been waiting for months but IMO it should come. Except if we are waiting to get Diamonds to Finance everything together then better grab some popcorn for the wait.
Diamonds, there is a roadmap .... haha. They did say in same RNS that there was a roadmap but they don’t know when is the next meeting and they don’t know if they need to discuss more things or not, what type of roadmap is that? A Blank paper. If there was one we would have more info about conditions, milestones, etc. They have taken here same defence than when waiting for Baita Licence “we can not say anything because is political sensible information”, so shut up and don’t ask because we don’t know.
IMO finance for Baita is coming and reports will be published that alone should improve SP, I would not discard a placing in September though if this not coming on time. Diamonds is another matter but IMO we got a good chance but at this point nobody knows when.