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So very simply, the one they hold shares in is not shorted to death every one else is shorted and decimated.
No insider trading going on there…… no sir.
It’s a like a fuuucking pantomime play, it would be funny if there were real people losing real money to these shyster antics…
I will add these financiers add no value to the UK plc as all the real money is siphoned off shore and never goes in to the UK tax system.
If they disappeared tomorrow I doubt anyone would really notice.. in fact it might actually help keep the money cycling within the UK economy.
The London Market is becoming a relatively poor performing one on the global stage. That is partially to do with antics of companies involved in ‘financing’ via broader shystering loan to own (or destroy) tactics.
No wonder the ‘discount to NAV’ for the market is disconnected significantly compared to the global market, with very few important IPOs choice London as it doesn’t garner true investment or investors anymore.
Ergo it is very much in the interests of the wider London Market and its future as a global one that the FCA come down hard on these types and I hope they do it soon.
Whilst on a chuntering roll…. How is he and his ilk ever considering fit and proper to hold such positions? There needs to be a root and branch overhaul to cull these cancerous and parasitic leeches out of the market.
Let this be the beginning.
Tbh it’s long overdue that the gravy train these leeches are on was brought to a sudden halt.
People wonder why the London market is failing, look no further than this type of behaviour.
Its literally seen as a licence to print money but at some point though they are going to cross the wrong people, perhaps they just have..
Sobering when you distill it into a brief such as that, zero value added just lined his pockets by doing mates rates deals… shocking tbh.
Wonder how is are his tax affairs are with regards to all that too. I presume his home in Oxfordshire which recently sold for over £3 was a grace and favour as a shell company actually owned it.
Wonder what his BIK declaration was for that benefit? It would really be good if the HMRC crawled all over his affairs, tax isn’t for the little man or is it. Bigger men have fallen due to the HMRC taking an interest.
Agree, unless there’s a roll back to unwind the damage created then it’s a still ‘see you in court’ situation for me.
I don’t think many now here realise the depth of damage Anavio and its cohorts have done…
For the grown ups….
I wonder whether our TR stood down on the London listing as a precaution for failing a Fit and Proper test as a director. Which begs the question do the Canadian authorities have a similar yard stick? If so has it been applied?
There is no way a well run business would or should employ such characters, in my previous life he wouldn’t get past the CV skim, let alone a position.
I suppose scum breeds scum in this game and the scummier you are the better your position.
About time it changed.
I’ll add all investors are furious with Anavio and will now extract their pound of flesh from them.
Still can’t conceive that they thought that years of effort could be treated as a pantomime to their benefit alone, god help each and every one of them.
Not to lose sight he has been chairman since September but a director since April.
Which begs the questions; what influence did he wield from April to September before taking up (grabbing?) the chair in September.
Why did the previous CEO’s depart in September and his successor in December.
Have you ever make a decision based on what is in the best interest of the corporation you hold office for above else, as is your fiduciary duty, if you had a conflict of interest (as if you don’t), did you abstain from voting?
Where are the board minutes for this public listed company detailing the key decisions made, who voted for what?
Which is why court protection (from our own BoD!) and a proper valuation and asset sale is preferable to these clowns with their warped narrative.
If now is not the time for the authorities to step in I don’t know when…
To think the known P1 & P2 reserves were valued independently with a NVP10 of $492m 12 months ago. What happened to that?
That figure does not include the deep discovery at around 1 billion barrels, what if that? Even at 10c a barrel unproven that is $100m.
I’d love to see the ‘independent’ sums that say we’d struggle to get $130m today.
Something stinks…