Member Info for caddy1

Was looking forward to my May dividend but the fact that it has now gone down over double what I will get back has taken the shine off it.

Been waiting for over 10 years so a couple of months more should not make much difference. The off and hopefully forget about this dog company and how badly it has been run.

Looks like we are digging with a pick and a shovel then. Oh how I wish I had sold when we were at 8p.

Good question. The vote on whether to keep the company running under the total inadequate leadership of the present BOD, or wind it up and sell the assets, was based on the assets producing 1.2p per share eventually. I voted to wind up the company as there is no way the BOD could get it to that level with their investment policies . I have got to admit that I can't see them getting a sale to the value of 1.2p. In fact I have written this off. It is just that I don't want to see the BOD getting paid any longer for destroying a company that had so much potential.

Looks like none the way this is plummeting. Everyone expects the BOD to do the dirty on shareholders (nothing new there). Just want my 1.2p per share and leave with bad memories of this company.

Get fed up with PC saying everybody wants what we have got. Even the Govt. is throwing money at the situation but apparently not in our direction. If what w have is so important why doesn't the Govt. just give PC the money to get on with it. It would save everyone a lot of time and money.

Everybody seems to be having money thrown at them apart from SRES.

Not really sure what to do now? If the return is an eventual 1.2p as the BOD mentioned, then would it not be sensible to buy a shed load now and just wait for your investment to more than treble?

I thought 1.2p was mentioned but we might have to wait some time for it. However, that is much more than we would get if this bunch of chimps were allowed to invest it.

0.2p would still be classed as a fail as it was a lot higher than that when PC said a deal was imminent.

Only another 1000% and I might get my money back from my original investment

So much for this email I received from NVS (although it was some months ago).

'I share your frustration but rest assured we are making good if slow, progress. Putting out what will be received as somewhat meaningless updates will only encourage the naysayers to accuse the company of being desperate…

I am confident that given Anglo, GRZ and ourselves all want to get this done asap, we shall get there…

PS there is NO raise being planned. '

Regards,

Nick

Don't want to sound too negative but 14% up is nothing after what we have suffered. This needs to go up 600% for PC to have any sort of credibility and unfortunately, I can't see that happening.

Just when will he produce an RNS that will improve the SP. This should not, however, have a negative hopefully or there will be nothing left to bother about, 90% down and falling and still he thinks nothing is wrong.

Watched his interview the other day and he seemed to think that everything would just fall into place. Well he has to make it do so and so far he has shown a total lack of ability to do that. What concerned me more, however, was how unimpressed the interviewer seemed to be. Almost bored with talking to him almost. PC generated no enthusiasm and lacked drive. As you say Seis ' a waste of space '.

Contacted NVS today and surprisingly got a quick reply. This is what he had to say:

Not sure if I am allowed to directly quote so the feeling was that these BBs are full of rubbish (which I totally agree with) and that the SP will recover once drilling starts and when (not if) we hit something.

I wish I shared his confidence as I would invest more but having been invested here for well over 10 years and seen no profit whatsoever I will look for a safer place for my cash.

Nick

I will leave my money here but certainly don't feel confident enough to add more.

All in the same boat. I see this as a lottery ticket now. Don't expect to win but live in hope. The most annoying thing is that PC doesn't think he has done anything wrong.

Unfortunately Seis I think a lot of us LTH invested because of the apparent 2 million oz of gold at Sturec when we were Ortac. We sold that off for next to nothing and don't really seem to have recovered. I need to get a 2 bagger just to bet my money back when I expected this to be over 10p by now. Too many things have gone wrong that shouldn't have and it looks like the doom and gloom merchants have been proven to be right. It really pains me to say that.

Sent an email to NVS some time ago and he said he shared my frustration. Unfortunately my frustration has turned into anger, annoyance, outrage, infuriation, livid, incensed........ I just wonder how he feels and what he is doing to turn things around.

Ruvuma was the reason that I invested in this company and I have watched this BOD destroy what should have been a very profitable situation. How can anyone trust them with further finances to waste. Share the money and kick them out asap.