Member Info for Aubery

Scotty

If you look at the 2022 accounts Artem, an independent non-executive, was getting about £50k a year. I imagine he turns up to a few board meetings for that (not that I’ve seen any minutes of said board meetings…)

Along with the other remaining non-exs I’ll bet they’re all part time and ad hoc basis. Not exactly burning the night oil or full time.

Begs the question who is working full time at board level…..

The BoD structure is hardly one of a potential multi-billion company….IMO

Makeabundle

That is hilarious!!

Post of the day or maybe last 20 odd years lol

WK

‘The mine and all of its machinery and infrastructure are being maintained in a sale ready state, with no production expected on site in 2024, as has been the case for all of 2023. The stockpile of inventory from the 2022 mine season is being held in secure storage off site. As previously notified, discussions regarding the sale of the 2022 concentrate remain ongoing.’

That was Dec 23.

No production. And no plan B if the sale doesn’t happen.

Unbelievable…how can this be stated with a straight face?

‘Mining at WK can generate significant revenue, millions of pounds per year. Exploration in Russia is cheap. That revenue could keep WK running nicely and upgrade reserves at MT too. ‘

IKN

‘Member’ since 2020

A bit late to this 20 odd year disaster of a company ….

Leno

Good to see the BoD were absolutely bang on accurate with their statement

‘Low visibility…’

Nothing material has changed in their minds to upgrade this view..

Shortly

Incredible that they state in the RNS that they are a ‘mining’ company…..

One that hasn’t, isn’t and doesn’t plan to ‘mine’..

makeabundle

‘the bidders are still at the table…’

what does that actually mean?

having no names mean it cannot be challenged… any of said companies that might have kicked some tyres 5 yrs back and gone cold aren’t going to be ****d… who are these ‘bidders’?

‘Tight ship’

There’s nothing happening…

Rather than ‘tight ship’, the BoD are more ‘absent’

When did anyone last see them????

MyIPA

The same could be said of the rampers, why do they continue, after 5 years passionately peddling this merry go round….

Works both ways. Good luck taking confidence from the polymetal deal… that has absolutely nothing in common with EUA…. Zilch

Shortly

‘SP is about to turn…’

Based on what exactly?

There is absolutely no programme to work to.

How would any new investor asses this company?

No mining plan, no cash flow forecast, no strategy, no mining and nothing of any substance about any sale

Shortly

‘We have a working mine with product to sell’

It’s not working and the product hasn’t sold

The Hammond tweet disclosed more to the market than this BoD has over the past 4yrs

Shortly

‘ The BOD were previously hopeful of a sale in December. It's now February, so if nothing has changed it's highly likely to close in Q1. ’

Highly likely??

Based on what?

Visibility still ‘low’ on next update I’m afraid

No business in the world ever would not have sold that concentrate as quick as possible, esp an explorer/junior

They clearly can’t sell it.

Speculating that prices may increase in the future … etc is utter rubbish.

Wonder what the storage cost is… anyone actually seen it?

I’ve no skin in this one summit, sorry to disappoint

Does allow one to assess independently.

Pompal

You mean this belter of a non-statement

‘ The Board and senior executives remain hopeful of a successful conclusion to the sale of assets process and we look forward to updating our shareholders in this regard as appropriate."

I do not see anything that changes from ‘low visibility’.

If anything it reinforces it!!

With the BoD persistent in their silence there’s likely only one direction for the sp

Remember the last RNS update on ‘sale’

‘ Low visibility on next update’…evident that currently that statement remains valid.

And how could he have sold at the peak?

Might be wrong but pretty sure he was an executive director

No longer now …. Seems to have disappeared off the planet … red flag if ever there was one

That RNS is more about what it doesn’t say

Zero mention of sale….