Member Info for Fevertreeman

But at a stonking loss, in time to see The Greek yet again lay another false trail for shareholders before stiffing them with a huge dilutive rights issue. What really f**** me off is that The Greek has proven to be so incompetent over such a long time period, and yet he is still in post on £30k per annum. Talk about sailing continually close to the wind and consistently delivering f*** a**.

Check out the less than sparkling history of RAB Capital which was also a lifestyle vehicle for the two founders until it all came unstuck and hit the headlines. Adams was desperate that's the bottom line ; RAB screwed him into the ground with this deal, in the same way the locals have run rings around him. And while this has been happening what habve the Board been doing? Sweet fanny adams - pun intended....

Northfields, of course the kukris are out for The Greek. Answer this, what value has he delivered to date? Absolutely none apart from into his own pocket. The Greek is the worse sort of what the Americans call a huckster; we are paying for this clown's lifestyle. This raise is supposed to be for working capital - what pray tell are they working on? he and the rest of his ancient board havent taken any salaries ; nothing has been built ; nothing has been mined...so wy the f*** does he need 'working capital'? Answer is that the dodgy ANS syndicate dont have any cash and havent raised a bean. Review the comments Adams has made, the statements put out, the excuses....so yes this is why we'd all cheerfully get rid of him but unfortunately we're stuck with the idiot

I bow my head in shame.. I'd got distracted ....it's the billions that threw me!

He keeps his job because (a) Executive chairman so two fingers waved to governance and an independent board and (b) because he has made such a monumental f*** up of this that who in their right mind would want to sort out his crap...

Greek Pinocchio continues to break records for mismanagement, Jupiterian arrogance and Trumpian relationship with the truth.

Just seen that 72.857m shares have been traded today folks....that is a staggering £6m worth equivalent to 57% of the market capitalisation.....no wonder the locals have steered clear of Adams ; he is a sure-fire wealth destroyer.

Seems that the sp is becalmed and yet there must be demand building for their by-products etc in Europe. Remember that this had attracted Euro institutions before COvid. Wonder why there hasnt been more activity here

Why did it take The Greek this announcement to tell the world that they had cut salaries; cut back capex etc,.. He is like a Greek Pinocchio, every utterance or non-utterance is laced with untruths.

I'd rather hand him something more toxic frankly...the man is a menace

Hardly a massive cheque frankly....

Their track record hardly suggestive of a top quality institution coming on board for what is a blue chip project. That said, they recognised the risk reward and demanded draconian terms from Adams, stitiching up and s/holders up good and proper. Option monies for them .......desperate last throw of a loaded dice by Adams who must know his business reputation is already shot to pieces so why not

The Greek has again proved his credentials as a calamitous and untrustworthy steward of shareholders funds. Having bailed out and watched this climb in the last week or so I figured that shareholders were being softened up for a placing and wham half a billion shares ffs. The questions just keep coming:
1. What happened to the funds raised in Jan if the Board hasnt been paid and arent taking any monies
2. Where is ANS in all this -not mentioned at all in the statement. Does this confirm what others had mentioned that the Greek had been led up the garden path and shareholders with him by a bunch of locals who had no intention of ponying up their share....all the guff about documents having been signed etc....The Greek again economical with the truth
3. After a statement just a few weeks ago about the Ethiopian Govt supposedly being lender of last resort, why have s/holders had to take the hit yet again
4. Will the mine ever be built? Will The Greek ever apologise for his appalling leadership of what was and remains a lifestyle company for this clown.
5. RAB Capital are based in London so why AGM in Australia? presumably so The Greek doesnt have to face irate s/holders?

Well observed; perhaps he is in fact our esteemed executive chairman moonlighting? Certainly the bluster and general rudeness fits

Well just so we're clear I worked as an asset manager so I suspect I have rather more understanding than you? You clarly are a punter as opposed to an investor or are you too a former fund manager who knows his way around?

Well just so we're clear I worked as an asset manager so I suspect I have rather more understanding than you?

No interest in buying back in as I don’t trust Adams a centimetre and am annoyed with myself as I should have stayed well away given the rubbish corporate governance arrangements for protecting shareholders interests at Kefi . Don’t want others to suffer similar fate ( or should that be fete).

You need infrastructure, roads, power, etc before you can build a mine and none of that has happened....it will be years before any gold is actually mined

Seriously undervalued???? You jest....

Having sold out, was enthused to see an update. More sophistry from Adams aka The Greek. Nothing has changed folks - ANS haven't stumped up a single dime; shareholders have been continually diluted; the only progress seems to be a few guys digging ditches, and where has all teh cash shareholders have stumped up gone. After his share0cratering perfromance on call, I see Adams is back to pushing that ol' chestnut about Ethiopian government intervention because they are getting cross with ANS, which serves to distract again from his own culpability. Meanwhile he sits sipping ouzo, laughing at the stupidity of his shareholders and banking 30k per month doing sweet fanny adams....pun intended. Ihope it turns out ok but chances are slim with this character not running the show

Tongue in cheek ! He has hardly been the model of consistency or candour.