RE: BOD18 May 2021 13:22
Hi Jacktrade, as you stated in a previous post, it is easy to lose sight here and yes, as a long term holder who has been waiting patiently like many, that is wearing thin right now and I am concerned. They don't exactly have a good track record at the moment do they?
Fair enough they can now fund the CH-1 drill, but all the indications in previous communication pointed to them wanting to sell the stake and take a different direction into the green/sustainable market. It then became quite clear that they couldn't sell.
I am all for them funding the drill, which is why I invested in Aminex in the first place, but that is also very quiet at the moment. We need an update from the Zubs, on license extensions, tax monies owed to Aminex to show a better relationship, are we on track to follow the works programme. As you know, this is Tanzania we are talking of here, it's incredibly slow.
I don't pretend to have much knowledge on these 2 shares, I took a punt and invested heavily in both, which yes I regret now in hindsight, and am locked in until (if) I break even. I made the choices following some research, and only I am responsible for those actions.
What I am concerned about is an apparently extremely experienced board who have yet to deliver anything of substance other than selling shares of an old legacy (so what, surely any of us could of done had we been on this board), have failed to acquire anything of their own in the self proclaimed transformation of their newly named Scirocco Energy, a complete lack of engagement minus a select few for a conference call (well done to them obviously), a take 2 on the direction of the company after the collapse of the Onedyas deal, and just a complete lack of progression/direction.
Personally I am baffled as to why people see things differently.
Back in February we were months if not weeks away from a new deal to bring an income in, the only thing that will turn the tide, where is it?
Please excuse me if I don't want to pat the board on the back for what I see so far as a woeful time at the helm, I am just trying to get across how I see things. I desperately want to see this turn a corner for the few left stuck in here, we will only find that out in time.
Good luck and I sincerely hope we turn a corner at long last.
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