Ashwath Mehra Astor Management AG5 Oct 2020 11:07
Have not posted for a while (sorry) , but am still very big in this name, am frustrated like all of you. Why is the share price underperforming? Obviously we have the covid issue and recession fears. However, copper price is high on short term China rebound and supply constraints: unfortunately as shareholders we still don't get to see the benefits. There is no agreement with Astor, hence our books will be cooked to never show profits above 10m euro (as above this level we need to start paying Astor Management AG back the 50m our loan). We could easily structure some debt to pay this loan and get rid go this legacy contract, but Astor is a cu*t. This individual named Ashwath Mehra who hides in Zug Switzerland as a tax exile refuses to reach any reasonable agreement: for instance if ATYM were to pay the debt that would close this chapter, but it seems Astor Management AG (Ashwath Mehra) wants to keep opportunities to continue to sue Atalaya even after payment. We are also stuck with Ashwath Mehra as he has a marketing contract on our copper (he does no work for this). So basically Ashwath Mehra (Astor Management AG) is owed 50m euro, but is very unreasonable and is a leach on our company. As a result, the only sensible decision from Atalaya management is to continue to ensure profits stay in the 10m euro zone and continue CAPEX on the Rio Tinto site. We have have one state of the art mine ! Please share on other bulletin board.