The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Reebmit the problem I have is many years ago AB was waiting for the expected Greenland sale. AB made excuses for the sale not taking place, some ridiculous reasons made. Not the same I know but he has form in leading us on.
Helpful yes its great that we can continue working in Kenya. What I meant about jam tomorrow was the Kenyan effort has been going on for years and we have been looking for a JV partner for ages too. But nothing seems to come to fruition. We had the fantastic asset in the Congo which should have seen us all smiling but again no end product to date. We keep drilling in lots of places but again no end product. I have been here since Greenland and am still awaiting a result.
Spec suppose that is the problem. AB was prepared to take a haircut as you say but could not close that deal. Maybe dealing in Africa is so difficult or do they see AB as a soft touch. Remember the El Limon sale didn't go to plan but forget the specific details.
Helpful you say in due course we will get back every penny owed. That is one bold statement which I hope transpires. You have in the past talked about the possibility of our claim being worth massive money. At this point in time would you like to suggest a reasonable amount that you personally would be happy with. We know you deal with and talk to AB so you should have a better handle on things than me. I would be happy with 51% of $20million plus court awarded costs plus an additional amount to reflect the true sale value of the asset. What do you envisage as a reasonable amount.
Helpful it may be drivel to you but I have unfortunately been here since the Greenland debacle and I hoped this man would deliver. Down 95% but remember when he said to me he had taken a pay cut to preserve cashflow. Then the next year he reclaimed all his salary that he said he had cut as per the accounts. Check it out.
Helpful this man never delivers. He is always positive in his videos as one would expect but nothing ever comes to fruition. I used to think he was just unlucky but incompetence over the years springs to mind. I know you are not aware of sensitive info but the share price is dire as always.
Helpful you post these environment things. Why not post on here when we are going to get paid? Your boss sold shares recently. That was a surprise but it wasn't really as we know what he does. Share price reflects what people expect from AB.
What we know is the license was sold for $430million and we owned 51%. So when and if AB gets an overall settlement we can compare his achievements against this amount. I must agree I find it amazing AB knew nothing of this theft for a long time before someone spilled the beans. Amazed really but AB did say he will put things right.
Thanks Andrew. I need to find out what is an apps store. Will talk to my daughter tomorrow. By the way I do not have a mobile phone from choice but I know we have been taken to the cleaners by this management. Thank you.
How do I register to join the telegram group? Is it via email or google? I have never used facebook or whats app or the other apps. Any help appreciated.