Member Info for Akhtar234

One thing that is certain is dilution unfortunately. Read the RNS it is interesting he talks about a copper deficit but yet sells an asset cheaply, either he did it as value may come or it fails and badly. No denying he lacks the ability and capability as a CEO. A lot of us are hoping to get out of here breakeven, I would advise any investor (even with the sp where it is) do full research on the CEO of a company, the company may have great assets but with a poor CEO it can fail badly which we have seen so far with this company. As a shareholder I suggest you contact your CEO and ask the tough questions as it is your right.

He is not a good CEO, I think he knows that as we do hence why he won't meet shareholders. But problems have always been the RNS, you would think English is their second language. Russbird if you need clarification on an RNS you can contact the board, they don't prevent you from doing that if they answer is another thing.

Email the new guy graham poole and cc in Howe, and ask for a meeting you have a right as an investor to quiz the board.

Pepamartibez, how did you come to that valuation? We sold 70% for next to nothing and the valuation of that is considerably less. Problem is we sold a great asset too cheap, the gold project is pointless thatbis a couple of years away unfortunately and it requires funding which most likely will come from investors unless a Jv can be found, but trust and faith in this CEO is quite low. Manu I know how you feel a number of us are in the same boat, I suggest you keep emailing him, he is not running a salary and has made money that would make most people on the ftse 250 jealous.

I know your pain many, have you emailed him in the past? If not , that is your right as an investor and I would be surprised if no investor actually contacts the business.

exactly poorman, anyway feel free to message him he is CEO but just scared to meet his own investors lol

It was not directed towards you so ask the question before you jump up and down. As I suggested people should communicate with theboard and you had an opportunity to join the call, I can not recall you being vocal about joining. You should forward your frustration to Howe and ask him why he has never met all Of his uk investors within the last 4years. As I have never had an invite and he assumes shareholders are happy. Focus your energies there my friend, I feel your pain.

Also he is under the impression investors are happy with where the company is right now, which is laughable.

The Skype group call got cancelled the week before it was to happen as they have a new PR guy who you will start seeing on the RNS so let's hope they can give clear and concise information. If you want to get answers I suggest you contact howe directly and don't abuse on the board. We all have opinions about him and he is afraid to meet UK investors under one roof and visits the U.K. Without informing us, that's explains a lot of the kind of CEO you have running this company. I suggest you look at how much he has taken out from the company (2010 company accounts are interesting) and how much he has put back in and when. Let's hope we see the end of this nightmare, selling a valuable asset such as Los c for a pittance explains the Calibre of this CEO and the mess surrounding mollacas?which has still not been resolved. I wish I shared chesycustards optimism but I do not. So if you want answers go to the CEO is my advice complaining on here won't get you anywhere.

Has Been confirmed for next week, if you would like to attend can you send metminco an email and proof of your shareholding ASAP.

Thanks Eric, I strongly encourage people to join in the call.

Potluk, thanks for your comments, I really do not see MNC similar at all to Mariana, we had a valuable asset sold for a song. Also Miraflores, is not a great deal for past shareholders it is purely being used as a basis to keep the directors in place. Also Glen had a plan, William does not and is out of his depth, he knows it. 300% not sure how we are going to see that, was hoping a great Los C deal would take us past 1p alone easily, but the market did not like it and hence under performance. I was not impressed by the proactive article, their journalism is questionable also. What confuses me is the mention of mollacas, I thought no resolution has come about hence if it did why did we go for Miraflores?

Thanks Eric, Yes please cheesy, please provide your actual details please. Hi Mike, I understand the frustration, I think we need to address through the board and not on on a forum like here, it is unhelpful. I am putting forward my constructive view and happy to add you on the chain if you want to be included. Cud can not argue with you on that point.

Manu I know how you feel, their is no point ranting on here it is unproductive and will not help you. I suggest you write to the company and make your feelings heard, if you want change you really need to put pressure on the board. I am engaging with the board along with Eric from here, you are more than welcome to join us and anyone else on here.

Cheers Cheesy, not surprised, like I said spoke to him on a conference call, not sure what he brought to the company, seemed like a nice chap though but not sure what he offered to shareholders . Been reading your posts on here, agree the MCAP will increase but existing shareholders have been messed around. What I mean by that. Poor Los Calatos deal, if someone wants to justify that would be surprised. No funding for Gold project, this will destroy shareholders. Howe and co have a lot of questions that need answering. Wont say anymore really. Wont use ADVFN seems like a waste of space and hardly use this anyway.

Do you have an email address I can contact you on? If you want to create a temporary one and I will contact you and you can give me your real address.

I was one of the investors who attended the meeting alongside Eric a few weeks back and have digested this news and have spoken to the board via emails over the last week as this recent RNS is enough for me. I was hoping that we would get a decent offer for Los C, but this offers nothing. In my eyes, this is a really poor deal and makes no sense why the board have done this, if you follow their mantra of not selling up cheaply. Giving away 70% of an asset pre-production is an awful deal and I will tell you why, which is on my own view. Once we start looking at funding the mine, we only have 30% left, this deal does not take it to production and the costs will not be borne by the Private equity company. Therefore this has been sold to cheap and there is no urgent reason why this has had to happen. The gold mine was intended to get us to cash flow production after the mess with mollacas which was intended to do that, the board should be focusing on this which would then put us in a stronger bargaining position and at the same time when this happens metal prices would have recovered. The problem many of us face is dilution, the Share price has been hammered and I was hoping on the back of a good Los calatos deal the SP would have risen and we have cash in the bank to see us through the next few years. Therefore the above is why I think it is a bad deal and many of us will be lucky to get any of our money back, dilution at this level is disastrous. I refrain from these boards, but I wanted to give my own view as I actually have an interest in this company and deal with the board in a positive manner, but I have had enough after this announcement and I do not think anyone can gloss over this, its a poor deal. Eric, I had a feeling after from our meeting, the board was going to spring this, it is no coincidence this has come out post the AGM, I feel it was strategic.