Member Info for rogwar

Placing inbound after market close

The trouble with this company is the Board. They are supposed to protect the interests of shareholders, but if you look at the performance of the Chairman and the NED on this and the other companies in which they are involved, the results are absolutely dire. They are clearly not interested in the interests of shareholders, only their own. The trouble is that these poor performers can never and will never be held to account. They cannot even be a***d to update their website. Shambles

Even if he said it, would you believe him? He’s never told the truth before!

From the RNS of 24th September 2024:

"The Company has instructed its attorneys to commence arbitration proceedings with immediate effect. Arbitration will take place in Windhoek, Namibia, with an expedited timescale for conclusion of 60 business days from the initiation of arbitration proceedings."

I hate to say it, and I do hope that I am wrong, but this trading pattern is very similar to every other one that occurred just prior to a fund raise. Broker playing silly b*****s to spark interest in the share in an attempt to get the price up.

Too busy taking more money of investors in ARV. He and EH are a nightmare!

What really galls me is that EH is supposed to be a Corporate Governance expert. She should know that an individual on so many boards, in executive and non-executive roles, is not good practice. And yet she is now joining the same boards and filling her boots while not raising any concerns. Also, her profile continues to show that she is a non-exec for Future Metals when she resigned from that board in March.

Let's face it. GR is on the board of a lot of companies and every one of them shows a total disregard for shareholder value. How he can give Alien the attention it deserves is beyond me. I note also that EH seems to be joining the gravy train, now being on two of the same boards as GR. Hopeless board, not in the least interested in working on behalf of shareholders.

This company is a total con. Why we keep falling for this nonsense is a mystery. AIM allows this obfuscation and out and out scammery to happen time and time again. What an absolute fiasco.

Agree, but EH should also be held to account as a Non Exec. She is supposed to be a CG expert and act in the best interests of the shareholders, not the executive, which she is clearly not doing. She seems to have a track record in this regard. Look at UFO.

Director fees for doing absolutely b****r all, except oversee further dilution for shareholders. Same for all the companies where she is and has been a NED. Gets a virtue signaling appointment as Director, votes for further dilution, doesn't add anything else.

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."

No they are not

Totally agree that DE should go. Always said he was just a journeyman, taking payment for achieving absolutely nothing. He really is an absolute disgrace.

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

I don’t know why people keep falling for this. How many times has HAA promised and not delivered. This is just a joke.

I think you'll find that it is actually 1000:1. Suggests that he will be diluting the hell out of this puppy.