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Nice work Eric. Thats a decent number of shares and not too long…
Same game, different name.
https://wcminerals.com.au/asx-announcements/
EnuffRMbs - I found this piece amusing, it is advising of the news that RM has joined Cliff Metals and saying what a great asset he will be because of his past record. As you can see that record is truly appalling, definitely not something to be telling the world about. Would be better off brushing RM's past history under the mat.
Cliff Metals Ltd (“White Cliff” or “the Company”),is delighted to announce the appointment of Mr. Roderick McIllree (“Rod”) as Executive Chairman of the Company, effectively immediately. Over the last 20 years,Rod has both founded and held senior positions with international mining companies such as Medusa Mining (Co-O Gold mine, Philippines), Anvil Mining (Dikulushi Copper mine, Congo) Kingsrose Mining (Way Lingo Gold mine, Sumatra) as well as international exploration companies such as Greenland Minerals and Energy Ltd, Bluejay Mining Plc (Greenland), and Elemental Minerals (Africa).
The reality of course is that RM has a crap record,
Medusa - July 2023 appointed administrators.
Anvil Mining – accused in the murder of innocent members of the public at a village next to their mine
SPs for Greenland Minerals, Kingrose and Elemental Minerals all follow the same pattern as JAY's - a decline of > 95% from highs.
Total or near total share holder value destruction. Do the idiots that write these news releases not do even the minimum of research? Either that or they think some investors are so stupid as to believe everything they write.
You need to add Alien (UFO) to the list and also the amusingly named More Acquisitions.
Talking of More Acquisitions, Rod resigned but large shareholder I think. What do you make of his parting comments?
Current director Charles Goodfellow will remain on the board with Roderick McIllree retiring effective immediately.
Rod McIllree, Executive Director of More Acquisitions plc, said:
"Today marks a significant point in the evolution of More Acquisitions. The appointment of Neil and Stanley to the Board of the Company marks an exciting step towards the execution of a reverse take-over which is expected to be value enhancing for all stakeholders. They begin their tenure on a positive note by investing in the Company at a significant premium to the market thereby confirming their faith in their stated objective of value creation. I am very confident I leave the company in good hands and look forward to continuing as a shareholder as it now moves through these next value enhancing steps."
EnuffRMbs - well he had to go in the end didn't he. He hung on for as long as he could by thwarting several attempts by one of the largest shareholders to oust him from the BOD. Unprofessional and underhand tactics being exhibited. True to form RM was thinking of himself (and Goodfellow) as they would both apparently receive £100k pa in payment should the rto planned for 2023 go ahead. Needless to say RM wanted to keep the deal alive and wished to renegotiate the deal with worse conditions for the More Acq shareholders. He didn't give a s##t about shareholder value being trashed he apparently wanted to feather his own nest. My, doesn't that sound familiar?
I see Ashton is again quoting the BOD of Jay as recently stating 'our ultimate goal of creating significant shareholder value." Now I seem to recall that has been said on numerous occasions over the last 4 years or more - all the while the share price dropped by c. 99.5%. Shareholder value? The BOD of Jay don't (and never have) give a s##t about shareholder value - they want to suck the company and investors dry before moving onto the next reincarnation of a bs business. See the list of RM's previous companies where the shareholders have been shafted and lost anywhere between 95 - 100% of their investment. In fact, in all of the companies that RM has been involved with I cannot find a single company where shareholder value has been enhanced for LTHs. But of course Ashton knows best and this time the leopard will change his spots. LOL.
If I had the time, I would love to work out how much ££ had been extracted from shareholders in these different companies of the years. We oft cause Rod of failing to turn exploration into mining, but he sure has extracted a huge seam of cash from these ventures…