Thoughts on Q&A26 Jun 2020 09:54
Its very obvious they have ignored the elephant in the room (Share Price)!!! They are clearly taking the ****.
I've been digging around for a few weeks since being brought to the attention of the multiple boards that the ARB team are apart of and the connections they have. One example being Eric Chang (Our distressed seller) who most of you know is The Drops Esports CEO he is also a NED at Leaf PLC, Peter Wall( Argo CEO) is the chairman of Leaf PLC.
Now Im not insinuating anything but if you look at some of the questions in the AGM Q&A its way to specific for a narrative that wouldn't cross a lot of peoples minds.
'Can we be assured no Director or NED has any potential conflict of interests?'
'Will there be any new directors this year?'
'Is a share buyback being considered?' - if, and only if, Argo is able, in this tightening mining environment, to generate sufficient cash reserves beyond working capital and sustaining capital reserves.
I think the unjustifiable salaries are the most important thing for them and their friends,I am sure they have no intention of buying any shares. Don't get me wrong ARB is a good business which is generating profits,its just when there is no trust in management and the board to commit value to shareholders what really is the point.
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Blackrolie