Very unhappy..30 Sep 2015 13:55
..with the lack of communication here. Again, although I know at this stage it hardly needs to be said but I would ignore goheavy's histrionic outbursts regarding 'in three years there'll be a mine..' etc. He has been disproven countless times and is merely an extremely bitter person who is obviously losing a fortune here. The anger in his last post was entertaining, in fairness.
That said, my gripe (and it's a serious one imo) with the company is that it has been 16th June since an RNS. The company are not responding to emails or returning phone calls. Unless they are in confidential negotiations with a potential JV partner or something like that, there is no excuse for such blatant pig ignorance. Furthermore, there is no basis for a legal approach to/against CGNR as they are acting within the rules of the AIM, albeit not in the spirit of those rules.
I have consistently stated from day one that I expect no meaningful developments until late 2016/2017. However, I expected to be kept updated in the normal fashion by the company. The abruptness of their eventual reply to my email last year highlighted a certain arrogance which was unsavoury to say the least. To have no update in 3 and a half months is breathtakingly arrogant and they better have a good reason for it. As the Professor is widely acknowledged as being a gentleman and very true to his word these bad manners make me wonder about his health/involvement in day to day decision-making
I will stick to the actual commitments he made in the last couple of RNSs (none of which he has broken). However, if these commitments are not met without very good reasons, I will again engage my lawyers to look at this situation. Bad luck, poor mines, recessions, poor gold price etc I will tolerate - but I draw the line at bad f*cking manners.