Member Info for Montecristo

I wonder what would happen if cornerstone was running solgold?

Well, there would be no excuse what so ever not to inform shareholders of their findings imo.
That's part of the problem here. We now almost expect to be kept in the dark

When the shareholder no longer trusts the executive they get a new one in. So ultimately they do what the shareholders want.
With regards to the AGM have you ever heard the expression.
A death by a thousand cuts?

BHP lost but they won.

I think it was set up to evaluate the best way forward.
It will be interesting to see what they come up with. It will be a real test of the strategys

Novice, you can always join in the debate instead of just making snide insults from side.
But then again I do remember from my primary school days how much fun that was.

Quady you are always questioning peoples understanding of things.
Maybe it's you that does not understand, how a publicly listed company works.
The shareholders own it, not the people who work in it. They should listen to the shareholders, not the other way around. The shareholders are not happy. You said all day every day, that the AGM was a great success. 2 weeks later Mather is making an embarrassing olive branch speech to the biggest shareholders and a week later he is out . Thank God the AGM was successful lol.
And you question other people understanding and investment experience.

The dream is to be as clever as you one day novice

Ultimately there is one judge of a companies success. The market!
And your argument is not winning

Yes Bozi.
But if the strategys wrong, it ant gonna happen.
Lets live in the real world.

Zoros
Like a breath of fresh air!

I'm afraid your wrong Bozi
If you think the CEO is not there to ultimately make the company more valuable. Your in the wrong game.
Maybe something more vocational would be better for you.
Have you tried the church or volunteering?

Quady can you please stop making reference to how long I've been trading, I find it quite pretentious. It's nearly 4 decades if you must know.
One of the many thing I know is that the volumes are low because. Low and behold. No one is interested in buying.
Again a fail by the board. You are just making my point for me without realising.

Quady
The market is very clearly voting against the belief that they have the right strategy

The worry shared by everyone. Pro and against Nick. Has been the low ball offer.
A very simple way to have avoided this issue, would have been, guess what? Getting the SP higher. Not rocket science is it.
The most base task of a board and CEO. Sorry guys, you cant do it. Perhaps your strategy is wrong after all. Now there's a thought!

The ultimate aim of any CEO in any company is to raise the SP.
Its like managing a football team.
If you can get them to play like Brazil, great, as long as you win. Get them to play like Brazil and lose every week. Your history.
We cannot ignore, that in a situation were we need to raise money, the SP cannot be on the floor constantly. In the real world this is failure, no matter how great the dream he has.

Yes and yes.
I get your point about broker notes. But you are making my point, about Nick wanting the SP higher.
He has consistently failed!

Nick himself has said for years that the SP is dangerously low. That buck stops with him.
There is no real reason why it should always be so undervalued. You have to look at management for that.
We are covered by a number of analysts. We have never got anywhere near their targets.
These are supposed to be expert in the mining field.
We have been tipped by a number of big players in the field.
Either they are all wrong or the management is not doing a good job.

The company initially did well, to see the potential in cascabel and they made great use of their first
Mover advantage in Equador. But I feel they have lost their way in recent years.
They have not been able to produce exit points along the way as Nick suggested.
They have not been able to move the Sp in any way for years. I know people will say its more than doubled in a year, but they miss the point, that we were the same price 4 years ago.
Adding value is very important as you go along because we are loss making and will always need to raise money. The best way to avoid big dilution is to raise the SP as you go. All forgotten by the disciples.
Could a different management team have done better with solg in recent yes? I think yes.

The board are not exactly helping themselves are they?
Why not realise a bit of news?
What have they been doing at 5 sites we are currently working on?

The board announced, no change in strategy. We pretend to become a major in 35 years time and shareholders are getting bored with it.