The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Banburyboy you say AB has an obligation to long term shareholders. Then you are referring to people like me who initially believed in this man. But over the years he has given himself incentive scheme shares and increased his salary etc. This man will have written people like me off many years ago.
Spec I do remember AB saying years ago how the increase in the gold price then was going to help us. He talked about the rich gold seam discovered at El Limon was going to be great for shareholders. It is the same old same old with him.
Orslega yes today not much activity. It really is a case of which way this will blow. I have been here since Greenland so has been downhill all the way. Maybe just maybe he has finally been able to put something positive together. We shall see.
Helpful for balance would you mind commenting on what Banburyboy has found out re one of his sons having a charge on some of our assets. I know little about the technical side of company workings but I always thought people who had charges on a companies assets were in a very strong position and can in some circumstances force a company into administration or at the least pick up assets on the cheap.
Maid I can understand you being optimistic when you listen to AB or read his words. Many of us remember the Greenland lies and others but I do hope he can make a success of DRC or Zimbabwe because foolishly I did believe in AB and have never sold any shares. Now 90 odd percent down but I might be able to claw a little back. Peed off that we had part of an asset that was sold for $320 million which would have got my money back.
Maid I do not see how you can say we have moved on from 7/10 years ago. During that period the Company has spent millions on projects that have had no return for shareholders. To date we have had not seen any shareholder value emerge at all so we have not moved on. Perhaps the future might be different but I do wonder if we currently have funds to develop our projects.
Dukey I am so depressed with the AB performance to date. Surely no more bad news to come? Only joking but he has stuffed me well and truly and the thing that really gets me is he is fully paid to do so while he is doing it. Hard to believe they are legally allowed to get away with it.
By AB giving us little titbits I mean AB tweets off to Zimbabwe. I think oh great looking positive then my mind thinks - oh hang on what about DRC progress? He just leads us in the direction of a new project to take our mind off the earlier ones. What about Elephant or Australia or Kenya or news on royalties - anything would help on all current projects.