Member Info for Akhtar234

Yes it is hard to really assess dan, you look at the assets and think no one can really screw this up, I remember Howe and those $0.5bn valuations on Los calatos he kept cooking up and sells it for a song. Do you speak to the board? Have a look at solgold and Mariana and how they have turned around, yes there is hope but Howe is not that guy. The truth is someone else could have done a better job here.

You have to laugh at Howe, don't think anyone can really take the guy seriously. Good luck to us all we need it.

*this *there

Lets wait and see Simon, have said I feel Billy boy could do something that is a new low and that could be it, I am fine if I lose a bit of money here, spoken to a few other investors and one person I know is already doing well in other investments. My advice stay away from this company when their is more certainty, Billy boy is getting handsomely paid for doing next to nothing. Lets wait and see what happens with the capital distribution, he still has not delivered on that promise yet, just proves he really is out of his depth.

I agree with chopper, the board have been next to useless and Howe will be under pressure now and may have to end his holiday in Australia.

I hope for our sake your optimism pays off and we see the light at the end of the tunell and I hope it is not down to the fact Howe has been an incompetent cretin.

Let's hope so chesy, but Howe has never delivered except extracting as much cash as possible from this company. Like I said he is the wrong man for this job, why he had to cry and get Gordon Poole to handle his gaffes. Let's see what happens with the capital distribution I hope we get something positive from it for once, or it could be another story of Howe stringing us along.

Simon I would assume dilution, purely that the Los Calatos funding will go partly to shareholders, let's see who gets what and how much. And the funding that is left will be used for getting to feasibility. Howe has screwed up here big time, but cash from Los c might help that I can not see yet, but awaiting . We have been waiting for the capital distribution and I hope we do not see another twist here. I'm hoping to get out of here close to breakeven which is frustrating as I have been here for a number of years and can qualify the board have been next to useless.

http://www.thetimes.co.uk/article/bowleven-chief-yields-to-activist-shareholder-0jbbw9hbs Some investors had enough and removed their board, things could happen here also.

Don't think it is restricted to anyone as you say chesy, let's see what happens. Howe has not really been busy the last few months (or years depending on ones definition) but this guy is pretty useless.

Yeah we should be , but we are not. As I mentioned only saving grace here is the capital distribution , the gold mine will require money and proceeds from Los Calatos. Ask Howe how much he sold hampton to metminco and made from that deal and how compare that to how much he sold Los c.

Airforce by selling up you allow the company to get away with poor performance, I am sure if you are a holder andhave been for a while your breakeven price is a lot higher than where we are now. Howe could have been more innovative in terms of financing, debt financing was not taken up and we could have secured the lending against the assets. Mollacas was a big oversight and an never be forgiven. Look at the mining industry as a whole and many have multi bagged, this company has not. Unfortunately airforce I do not believe the words that come out of Howe mouth , he has been handsomely paid both as CEO and selling Hampton to metminco. All of us want to see us get to a breakeven price now, or a profit if that can ever happen. He has exausted shareholders in the past to her metminco to where it is. Let's see what happens with the capital distribution. I do not know why you have never been in contact with the board if you have been an investor for a while. The share price does not agree with your sentiment unfortunately. I agree that the market has been poor , but he has never been forthcoming on that offer that was made a few years ago. I guarantee you it would have been decent to what we finally got and that was after spending more cash on the business and getting further studies on Los c. Also the RNS that have been coming out historically have always been cryptic, so I find it puzzling why you are entirely happy? As I said I have promoted the company and have championed the board in the past, but I can no longer do the latter. I would look at bowleven and sometimes trying to replace poor management can find value. I do not see any value in Howe and co except they have made plenty of money and made a nice sum selling these assets onto metminco. I won't touch AIM again it's an index that delivers little to shareholders and the only ppl who seem to benefit are management.

And you are happy with managements track record? Have you been in contact with the board? I have and actually wrote up on my meeting last year alongside geoff and another investor. If you know the type of person William Howe is airforce you would do the same, I avoided coming on here posting negatives about the company. Think we had really great assets, but not world class management. I has enough with Los Calatos being sold cheaply and Howe lacking and intelligence or professionalism. Matt I believe gold bullion was caught out and went by the name of once a trader. I believe the guy has a twitter account also.

The genius of Howe , he can't get anything right China will help drive 33% increase in global copper prices by 2020: Citi http://www.cnbc.com/id/104292296 http://www.cnbc.com/id/104292296

Good luck to us all geoff and matt

Thanks geoff and matt, yes I am airforce , how about yourself? Airforce if you followed the history here and judging by your post it would appear you are relatively new you perhaps would never have asked that question. Have invested for a number of years, and have topped up along the way also I have been in contact with the board directly. I really would like to see more momentum going up here we really need it, just don't see it yet with this management and I'm hoping we get a good result on the capital distribution and miraflores some miracle happens with that.

True to form here share price continues to fall

Most of you are not banking on more share placements. We are not producing any revenue and this board has been a big drain, also a lot of money and work is needed to get miraflores in production. Let's see where this takes us?

Don't invest in this business you will see enormous share destruction , only way this could recover if ceo is forced out.

http://www.metminco.com.au/irm/PDF/921/ExplanatoryMemorandumforTakeover For many of you if you weee not aware the above link is the history of how the directors are invested here, pretty much received all their shares as consideration aswell as significant cash.