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I suggest you read the RNS again.
"Pursuant to the Conditional Remuneration Issue, certain directors of the Company and corporate advisers have elected to receive Remuneration Shares in lieu of cash settlement."
I know it is a foregone conclusion that the Conditional Remuneration Shares will be approved at the General Meeting, but why HAA deserves 200 grand and JL 100 is beyond me. What on earth have they done to deserve being paid what is essentially a bonus. We are mugs to put up with this.
It never ceases to amaze me how iniquitous and incestuous AIM companies are in the way they populate their BoDs. EH is on the board of this company as a NED, as well as Future Metals and Alba Minerals, all three of which have shown total contempt for shareholders. Not how NEDs should behave. I also note that EH and a certain CEO of KZG, another incompetent, are acquainted. What chance do PIs have?
I love this bit: "The Company values its retail investor base and is therefore pleased to provide retail investors and other interested investors with the opportunity to participate in the PrimaryBid Offer." Of course they value them because they keep on falling for the same old nonsense each time, and it keeps putting money in HAA and JL's pockets. When will we ever learn. AIM is littered with charlatans and obfuscators, but these two are masters!
Anyone who subscribes to Primary bid is nuts. This will go below the offer price as this shenanigans has happened so many times before. The project start has moved out another quarter but HAA and JL have lined their pockets once more. Time and time and time again. There will be further delays of that there is no doubt
Really? Since he took full control as CEO, there has been one update on diamond sales. The Tantalum offtake and work on upgrading the Tantalite Valley facilities are more than likely continuations of what his predecessor started. He has diluted shareholders and been granted a load of options. The Rare Earths acquisition could well be transformational but is going to take a long time to prove up and how much of that is attributable to him? I have yet to be convinced, but am as hopeful as any other shareholder.
Pointless to you, perhaps, but it is a reflection on the qualities of DE as a leader and doer. He achieved absolutely nothing there, over man years, and yet we are relying on him to bring value to this company. DE is a journeyman and has not demonstrated the qualities that are required to lead this company. My comments and observations are as valid as yours.
Wouldn't bank on it. One only needs to look at what has happened with PFF to see that DE is not going to bring any value to this company. Doubt he is doing anything on the KZG front, which is why no interview.
Read the RNS. It states that MMcN did not sign off.
Mark Potter, Chief Investment Officer of Metal Tiger, commented:
“We are pleased with the progress made by Cobre over the last few weeks and continue to follow their exploration drilling campaign with great interest. Given volatile equity market conditions, the Board of Metal Tiger (excluding Michael McNeilly) decided to partially sell down some of its Cobre shareholding to increase the Company’s cash balances, but we intend to continue to hold a significant shareholding in Cobre to provide Metal Tiger shareholders with continued exposure to any future exploration success.”
Not sure why EdMcD is the only recipient of all the opprobrium. The board appointed him and supported the change in strategy and the obsession with CBD. Their responsibility is to the shareholders and their supposed and much heralded experience in the investment arena is not at all in evidence. Ed is without doubt incompetent, but the board are the most at fault for employing him and Pascual in the first place and buying into their fantasy. Truly hopeless.
I've said it before and I will say it again. DE is not the man to bring true value to this company. He is a journeyman and not and not a true CEO. I doubt he has even been to Tantalite Valley. If Align are frustrated then it is their own fault.
This is indeed a smart move. I note that on Hotcopper there is speculation that drilling will start in June, within the agreed May / December approved period. Listening to the presentation from Nicole to the San Miguel County Commissioners, however, she clearly said that drilling was expected to take place in August / September for four or five weeks. I still think this is a very compelling asset, but getting approval to mine is going to be a whole different ball game!
Totally agree. They continue to vacillate and obfuscate. On the one hand they are telling us they will be self-financing and don't need the much touted investors, now they are telling us they are still talking to them. They say that because of their water recycling successes and use of bore holes they don't need the Orange River pipeline. Now they say they are still working on it! Huh?
Actually, they have increased the number of shares they hold, through warrant exercises. It is just that the total number of shares in issue has increased with all the warrants being exercised. They held 192,600,000 shares following the sale of assets to KZG and there were 675,427,873 shares in issue. That's 28.5%. They now hold 202,700,000 but the number of shares in issue has increased to 776,035,410, so 26.1%. What is mildly interesting is that initially Mr and Mrs Jennings held 23.2% of the shares and Align only 5.31%. In the latest TR1, Mr and Mrs Jennings hold 0.5% and Align holds 25.58%.