Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
AH and Marsden are both directors of NRR companies, supposedly looking after AMC interests at the same time as both being directors of Lorenzo. Lorenzo’s wish is to invest in a mining company preferable in a struggling jurisdiction where the developer is finding it hard to raise funds.
There has got to be a conflict of interest here.
OTL
He is still a director of NRR and as such, representing AMC interest there. According to the January RNS, he was overseeing the approval from the Australian FIRB regarding our loan note being secured on the mineral assets and expected to report back. Can’t believe we’ve handed over money without full approval. He’s still in the loop but probably a smaller loop !
OTL
CT .... if he has served his purpose then what is the purpose of him being ‘President’ ?
OTL
AH’s new project is coming along .... with a shiny website for the now-named Lorenzo Investments PLC . They describe themselves as a special purpose acquisition company for natural resources ..... sorry no link but their ‘about us’ page is well worth a read.
Thought AH was concentrating on AMC ??
OTL
The sulphide cupboard is bare .....
..... so is RY’s in-tray.
OTL
Hope AH is working hard to secure approval from Australia’s Foreign Investment Review Board to make sure our Loan Note can be secured by the mineral assets of NRR ...... but surely they got this before we gave them the cash ?
OTL
AMC appointed AH and Robert Marsden to the various boards of the Nathan River project. Recent changes at one of AH wife’s company, Lorenzo Investments has seen Robert Marsden, along with AH, become a director.
Given recent boardroom shenanigans at AMC, could this signal a split of loyalties ? perhaps the preparation of other deals for the benefit of others and not us shareholders ..... or just mates on another side hustle?
OTL
I see AH is now a director of Lorenzo Investments Ltd .... the company initially controlled by his wife La Tourelle Consulting. Wonder if it ends up in a deal for AMC or Europa Metals ? Obviously, as our President, I’m sure he’s concentrating all his efforts on rapidly improving shareholder value here.
OTL
MD
Being the good English gentleman that I’m sure you are .... at least you’ll have your stiff upper lip !
OTL
Miners can be as strong as they like ..... AMC is not a miner. They are an exploration company ..... now known as a “let’s fill the paperwork in really slowly company” .
OTL
The Roper Bar contract was reported at the end in January in the mining press ..... typical of AMC news flow that they’ve finally stuck it on their Twitter page today.
OTL
MD
There’s only one thing worse than RY’s inactivity .... and that’s that bloomin’ Wombles tune earworm that is now firmly planted !
OTL
MD ..... you might have to wait a while for the report from Adam ..... don’t forget he’s now also senior special advisor to Europa Metals. I’m sure he will be hard at it making sure he keeps their shareholders happy. A man can only do so much in a day !
OTL
Just call it “Dolittle” ....
OTL
People on here have mentioned concerns of being shafted by Russia or a Russian company. I just hope that the Reuben Brothers treat their NRR stakeholders better than they seem to be treating the tenants of their Wellington Pub group.
OTL
Nice to know he’s concentrating all his efforts on AMC ... perhaps he’s a one-trick-pony ? ... and just going to do the same at EUZ. It has been pointed out previously that his wife started another “investment” company in December .... was it Lorenzo ? .... nice little earner.
OTL
Bet his wife is looking forward to doing another deal.
OTL
Cherokee ... don’t panic .... it’s only words. They are used to keep AH happy as it looks good on his CV and LinkedIn page .... he’s got quite a few in his collection .... my favourite is “Special Situations Advisor” .... or is that from the new Bond film ?
Well if it makes him feel better about himself then leave him to it.
OTL
All this NRR and AH “is he or isn’t he” stuff is just chaff ! It’s almost as if RY deliberately misses out punctuation and adds the odd nugget in his RNSs to get us to dissect every possible scenario .... he’s toying with us after he lost the Crede battle.
With AH working on NRR reports who the heck is working on Kun Manie stuff ?
OTL
So there is no misunderstanding .... AH is showing as Director of NRR and President of AMC on his LinkedIn .....
OTL