The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Markess-"that sounds like *you* problem"- yes I have conceded already my folly in believing rns statements to be true, a stupid thing for any investor to do- 6th Nov 2019 rns "All documentation, including the mining Convention and Exploitation Permit expected to be completed by year-end".
The other typical retort that is thrown about is "this company and its bod is no different to any other aim outfit" do we as investors should resort to expect lowest common denominator?
In the most recent rns they were threatening to be a proper professional outfit-"As part of the Company's progression to full commercial operations it has bolstered its management team to cover the Company's Environment, Social and Governance initiatives and Public Relations activities "- obviously not- they were very keen to post pictures of concrete piling but nothing since on the Twitter, if you start something at least be consistent.
It would be good to get an update as to how much of our premium product has been sold so far, and perhaps on the back of that some, whereabouts of the quarantined engineer- whether s/he has been able to put together the very sophisticated processing machinery.
Eastey- that address only applies if you hold your shares in certificated form, if you hold through nominee account as most probably do, then you need to instruct your broker on how you wish to vote on the respective resolution.
Sandy- your @ 14.32 on Friday sums up nicely the conundrum that is vast- It appears the position of Tucker and Prelea seems to be the issue with reputable institutions and spineless non-executive directors who couldn't careless is compounding the uncertainty.
DentyManly22- could you expand on your post why you believe the processing machinery is inadequate, have you seen it /got experience in operating- this is your 1st post and only on KRS, just curious to know why you made this comment.
Pecten and Piker thanks for responding to the question- I also agree Harvey has demonstrated himself to be completely incompetent, he had at least 18 months to develop the mining plan for Baita. I think it is probably the bank that has pointed them to restructure and appoint competent professionals. I don't understand what role Roy Tucker plays as a board member, and in my opinion Harvey and Tucker should be removed from the board asap. Prelea is not CEO material and should find himself another role such as development director or similar title because of his romanian links and connections.