RE: Like watching paint dry...3 Feb 2021 11:21
Thanks for your observation DBW...far from going elsewhere, I've bought another 86,222 at just over 28p...
I've already got plenty invested elsewhere and this weeks run up in silver produced the funds rot buy more here..
As a substantial shareholder I am entitled to be critical of both management and the Board...
At least I have been consistent, as follows:
Either SOLG will be bid for with a final takeout of at least £1, or...
Alpala will be JV'd
Nick massively overhyped and watching him/listening to him at presentations became really tedious...
He was guilty of massive overpromising and undelivered...people have forgiven him because of how far they've come since the days of a few coppers, for which they owe him a huge debt, however, what about people who bought in the 20s, 30s or even 40s on promises such as the ridiculous 'shock and ore'...?
The AGM vote was, simply, shocking and as I predicted, he had to go...
The Corporate Governance horrorshow was disgracefully embarrassing when Cornerstone had to call a would be /major miner' for Governance that should have been in place since 2005...basic things like Remuneration and Nominations Committees...
Errors and lapses in Regulatory Reporting, some of which the Board are still having to tidy up and
Now a vacuum while we search for a new CEO who I hope WON'T come from inside, as they're all tarnished...
A highly competent CFO who 'resigned' with no explanation and I still believe this was either because of a falling out with NM or because he was concerned at some things that were going on...
In conclusion, I am holding on, ideally for a bid...and I may buy even more if they fall further...but God am I glad I sold 318,000 the week before last...
The company has stated they have enough cash to fund a regional drilling program into Q3...
The interesting thing is Alpala and why the FNV $50m wasn't taken up...as others have noted, Alpala was the significant omission from the RNS, so I am expecting something material beyond the PFS to be announced shortly...
AIMO as usual and keep the faith, but surely it is better to have constructive debate about the company than mindless arguments about irrelevant things or tedious verbal diarrhoea...
ATB to all the sensible posters here, including some who hardly post but add real value when they pop up like today...