Member Info for Fevertreeman

Listen he could turn a simple walk from A to B into amaze. You wait till he starts dreaming up Sharia financing. The bloke is a bloody menace

Excellent point - the 5 year chart is sobering ! He has lost 90pc of his shareholders money, added billions of additional shares in fund raisings and trousered I dont know how much along the way, and we are still at the point when he seems incapable of getting project financing in place, let alone doing anything as tiresome as building a mine......not even thinking which decade the Cu and Au might actually be extracted

When price was c9-10p?

rather than giving his unwanted view on South American health systems - and then letting us know its really all about him -what an egomaniac.

you are so so right

The best thing that could happen is for Pinnochio to step down sharpish once funding is in place (so 2022) or if it isnt , hand to s/o more competent than him because it seems to a lot of us that we are financing his lifestyle

Time to get my panama out again.....April 5/6 felt tipped in my pirelli calendar

What game is that? Musical chairs, Pass the financing Parcel, Blindman's Buff, Shells....

Talk us through that.....

good luck !

Market has already - totally ignored by him. Zero confidence in Pinnochio (but probably a tad more in Ethiopian government)

There are no words for his sheer brass neck. I said I’d eat my Panama hat if he announced finance completed by close of Q1. It is safely tucked back under the stairs! If he cannot stick to finance deadlines of his own choosing ( as in no one forced him to give us deadlines), what hope is there that the mine will ever be built. Oh and by the way all the gosh he spouted about gold price - well his delays are eroding that scenario, as it’s back to it’s pretty pandemic level. Meantime he cheerfully makes that wooden nose of his grow longer!!!

Do you t5hink they are packing boxes down in Guildford readying for a rapid exit having shelled out millions to the advisers?

..............Equipoise delivers a decent uplift in resource guesstimates, it could get very nasty.

If this were a company that had a competent Board and a CEO given license to manage things his way, and in full control of destiny I would wholeheartedly agree. Unfortunately, that just isn't the case - the bondholders are running the show, all day to day business seems to have been put on hold and the board continues to try and hide, pretend nothing is happening and hope bondholders will go away. Bondholders will also be eyeing the CPR, knowing that the BOD's credibility is in tatters', which means unless Eq

There isn't single figure on the Board with any shred of credibility left. Sadly the CEO is turning out to be more of a doorman and the CFO is nowhere to be seen. Even if this was humming along well, I would have serious isuees over the professionalism, competency, and commitment of this group of elderly boys and girls. Please can s/o just launch a takeover bid.

Don’t decide tomorrow being Maundy Thurs becomes in that infamous Blairite phrase “ a good day to bury bad news” Such is the felling that the Board no longer is doing its job and representing the best interests of stakeholders

Back in 2019 we had this statement, and do it has rolled on and on and on. The issue isn’t the interminable delays per se -it is the Promoter’s inability to make statements that can be trusted. If he cannot be trusted to give proper guidance around the financing close that he supposedly has had ready for 3 years, how can the market trust him on mine construction timetable etc

“Whilst it is disappointing we will not be able to close the Project equity funding before the end of October 2019, as we had previously envisaged, we appreciate the enormous importance of the project to the Ethiopian government and that they need to complete their internal processes," said executive chairman Harry Anagnostaras-Adams.

"All stakeholders continue to work very hard and we look forward to this being resolved shortly so that the project equity funding can be closed and development of the project started."

Can’t be bothered to check RNS

Board has been thoroughly discredited for their disgraceful stewardship of this company. Unfortunately for them the combo of POO and CA have caught them with nowhere to hide. Having attempted to shut up shop post 90pc write down behind excuse of low POO and "its all too difficult", they have to try and resuscitate their battered reputations. Let's hope they can make up for the disastrous last 12 months