Aber17 Aug 2019 10:40
Good morning Aber, I have been with SAR forever like many others on here. I am getting the impression that they are working on something in the background. It would appear, IMHO, that as they are working through a deal, line by line, when they come across an issue or problem they are correcting it immediately. The involvement of the new NEDs, the additional disclosure from one of the NEDs past associates and now the changing of the Nomad. I take a lot of faith from Tim’s statement about significant value for shareholders in next 12 months, and that statement came before the fund raising, for a relatively low amount. You mention the monthly burn, well 700k about covers the burn for 12 months. I also believe that Sar were aware of the Sierra issue months ago and that is why they went for more cash with the placing.
I understand people’s frustrations on here, it has been like that for the 10 years I have been here, but I believe Tim to be honest, crap at the business side, but honest and I for one will be giving him the remaining 10 months to bring home the bacon, plus as many as possible should attend the AGM. Thanks. GLA