The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Michael at first I felt relief that we had not gone down the pan. But now I feel anger again that this BOD are still there making decisions and claiming a fat salary for incompetence. I wont be listening to any future conference calls from them. Good luck to all genuine holders.
I suppose a small part of me hopes for some good news. I hope our BOD do not come out of it smelling of roses in any way.
Has anyone before seen a mine stolen which then results in no compensation for the genuine holders? I am just thinking ahead in case no money from Congo arrives. Would we be unique in such a scenario?
The money is to settle for past and future corruption claims. If AB was negotiating with Glencore prior to our mine being stolen then dare we think that some of this money might come our way? The courts there have proven our earlier claims were legal. Surely things must now be sorted pronto?
Why cannot AB tell us more specifics about the arbitration process like who needs to do what and expected timelines in his view. The board could all suspend their salaries until a positive outcome. He says he has confidence in a successful outcome but then says oh but we might not get anything. He never achieves but continually claims his full salary. Same old same old.
And when I am on a roll I have to ask myself did this major shareholder who was selling for ages know something behind the scenes. We were aware he had lost millions on a previous bio company that went bust and we thought he was having liquidity problems but was he?