investbest7 Apr 2020 21:12
investbest,
You are quite right. I am not part of the BOD. Just a shareholder that digs, and digs. to find information.
You think it will be Coeur?
I do not. Here are some of the reasons why i don't believe/want it to be....
As i have posted previously, i am not happy with the small group of names that keep appearing in certain companies. Not usually a concern until you look into the companies they have been/are involved in.
As an example, nobody can say for definite, where the "assets" of Coeur Gold Armenia are. (now Coeur Gold Holdings?)
Now, Coeur Gold Holdings post in their latest accounts that their shareholder funds have grown to £219million. Look further into this and this is made up of a 50% holding by Geoenergy. Errr, the same directors. So they have "invested" in their own company, thjat then invests in their other own company? A holding of £109million from a compny that only had capital of £100.00 12 months earlier?
THeir accounts state that they have not traded in the year, so have no liabilities opr income. THey then go on to thank all their staff, and their legal advisor in Armenia, and their mining and geology advisor. Presumably then, all these people worked for free?, and the trips to Armenia, flights etc were all free?
I don't like the amount of companies that these same people set up, no accounts, multiple name changes and then disappear.
I mean, Scotia Airways, an airline company with assets of £100.00? That's one cheap aircraft.
I also don't like the assoscistion with one person ALLEGEDLY part of a 147 case fraud investigation.
I did uncover a lot of information on the illegal mining in Armenia, court cases etc. So for me, that little lot is a definate red flag. L
Let me know tomorrow if you are still convinced it will be Coeur.#