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Sorry, Migori, not Igor. Damn autocorrect :(
Even if a Igorās is successful, how can we trust AB wonāt put the profits into the next Steelmin or Amulet?
Umm, because they don't need finance, business acumen or reputation to make a go of it. Nor is time a concern to them in the same way to them as it is to a loss-making company.
Migori won't make the slightest sot of difference here. Nobody was interested in it before the license was revoked imo.
Just another pipe dream.
If Migori is so bad ,how come 100's of locals without mining licences mine by hand what they can get there every day to feed their families ?
Migori won't make the slightest sot of difference here. Nobody was interested in it before the license was revoked imo.
Just another pipe dream.
Just waiting...ā¦ When the Migori license gets issued is in the control of the Kenyans. All RRR can do is meet all the requirements for the license to be issued.
Everything else looks to be going well but Migori is the one that matters in the short term.
DYOR
Agreed Duke. Large holders here have done their money imo. They are idiots if they think they can steer this company forward with the same old BOD in place. But then how many poor unfortunate large investors have we seen come and go before with their tails between their legs? Just over a year ago 13% holder Daniel Sklan (d_s_) dumped his remaining shares and left damning comments on LSE here:
https://www.lse.co.uk/profiles/d_s_/
Then last year another 13% holder Peter Gyllenhammar started selling his holding down at Christmas and steady dumped right through 2019. I believe he now only has 3% left unless I missed a holding RNS.
Over at RGM Bell was managed out it seems. Can't imagine why that hasn't happened here but I guess Bell has gotten the better of people like poster Helpful who holds many of the outstanding CLNs here. Time will tell. Either way the behaviours of the BOD here and the statements of Helpful concerning the possibility that the large holders may take this private have made the share uninvestable imo.
Posted by Helpful 17th Aug 2019 here on LSE:
"If it has not been taken private there is a reason, as will become clear shortly. We may still take it private."
"One other large shareholder wanted us to liquidate the company last September and we said no."
DYOR
5 trades in the last 4 trading days says it all ! Andrew Bell has to go if this company is ever going to go anywhere ! Whilst he is in charge everyone just waiting for the next pump so he can get more dilution away.
Just normal for a Ceo http://theconversation.com/ceos-make-more-in-first-week-of-january-than-average-salary-pay-ratios-are-the-solution-128950
The Reality
End Of Year report just stated that the company only had Ā£64k in the bank
plus total current liabilities of Ā£2.8m
What a joke ! And the BOD continue to pull stupid salaries and ridiculous expenses.
Add to this the fact that the BOD fail to RNS key loans, transations and projects going into Administration and all in all you can see why it is uninvestable.
Annual and Half Year reports tell you all you need to know
DYOR
I find it staggering that this despicable BOD will put out an RNS regarding a project belonging to another company in which they only hold shares and yet won't put out an RNS when one of their own projects (Steelmin) in a company in which they hold 22% has gone into Administration.
Their tenureship has very long ago become totally untennable.
https://mobile.reuters.com/article/amp/idUSL4N29C0FV?__twitter_impression=true
Well that's the RRR board's salaries taken care of for the next couple of years.
Wrong paste.....
JMS has a RNS out re a completed feasibility study to go to 4.5 mil tonnes pa.
https://twitter.com/PetroteqEnergy/status/1214245924475723779?s=19
lol Helpful, both total peanuts
What you need to sort is the BOD, as in remove completely the original BOD. Yet you and other holders have failed to do so.
Bell has clearly bested you.
https://twitter.com/Northst18363337/status/1213585674298941440?s=19
Looking good for our El Limon royalty and Para shares. We just need Migori sorted.
DYOR
Them Salaries to Bell are disgraceful, even bell couldnāt post why he has earned them. A Charlatan
Maybe larger than you could possibly begin to imagine in more than one place?
Don't be stupid ok I have ramped nothing and you know it.
Yep. As just posted on RGM here are the figures for total salary and benefits for AB over the years:
AB's EMOLUMENTS AT RRR
2018 total emoluments - Ā£142,965
2017 total emoluments - Ā£155,243
2016 total emoluments - Ā£126,661
2015 total emoluments - Ā£91,495
2014 total emoluments - Ā£139,008
2013 total emoluments - Ā£154,746
2012 total emoluments - Ā£221,729
AB's EMOLUMENTS AT RGM
2018 total emoluments - Ā£86,205
2017 total emoluments - Ā£109,803
2016 total emoluments - Ā£85,524
2015 total emoluments - Ā£76,461
2014 total emoluments - Ā£76,506
2013 total emoluments - Ā£78,344
2012 total emoluments - Ā£122,598
2011 total emoluments - Ā£85,377
Then there is all the admin and other expenses which represent many more Ā£millions. It's been a lifestyle venture for the personal enrichment of the BOD imo. That Jupiter has been paying dividends for a while and yet shareholders have not seen A SINGLE PENNY of it, is tragic but testimony to how useless this share is. There is no shareholder value nor will there ever be while ever this BOD remain, and that's ALL the BOD not just Bell.
Rubbish. Magic repeats and repeats but he has been spot on. Iāve been 10 years supporting this company and now quite fed up with the flakiness at the top. About time to prove themselves. 10 years supporting an exploration company and one should have reaped the benefits. Forget timing etc. 10 years the FTSE tracker has doubled. The economy is larger. Inflation reported at 1.8% is not true inflation which is closer to double digits has meant a prime time for Precious metals. It diabolically poor the situation whilst the chairman has secured Ā£2.5m in salary.
One might wonder what your motives are UT. You ramp away incessantly. Does your pseudonym conceal the identity of a major shareholder perhaps?
Yes ok Mr Twister.
UT - "Does look like a good entry point though I must admit."
lol, and yet you aren't buying . . . . .
https://goldprice.org/goldprice.org
Migori. Para..