RE: Hang on...22 Dec 2017 20:54
Joey if only it was that simple but its not, it is much worse.
GSR will give all there assets to local management ( inc diamonds cash and machinery ) for F A in return for a (royalty stream from possible diamond sales) note it is not a royalty stream from profits so they could make millions per year and pay us nothing
We know what we are not supposed to know, that is they have had a find, so have they hit gold and we again get FA.
Everyone knows Cyril runs GSR even though he is not on the staff anymore.
Last year he earned the same in fees from GSR as when he was CEO
The new GST when it buys its new business will be loss making from the start as all of GSR head office overheads will be in transferred to GST so Cyril and his mates will have 2 businesses
Business number 1 will be GST which will own and run EMS that has been running for over 25 years (making a small profit) but will now be loss making because of its new head office overheads
Business number 2 a gold and diamond mine in SL that has no head office costs whatsoever that has published its best ever finds recently it also has more finds since its last RNS which will not be made public
If you think i am deluded and making this up, look it up on the internet, Cyril never moved out of his office when he set up his new business and resigned as CEO of GSR, so we carried on paying his bills.
Have a little look on the internet at what he done to his brother in law, who ended up successfully taking him to court and was awarded 1.5m and to date Cyril still hasn't repaid the money. If someone can do that to their own family, do you really think he cares about shareholders?
IMHO