The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
It would be more than half the people in this country earn and most of them work a lot harder than GR. Should he really be earning much more the company hasn’t really made any money yet, if it makes anywhere near what it could do from Zulu and RHA he could pay himself a lot more then but until then taking 300k a year and doing placings to raise double or triple his wage is a bit of a p155 take really especially when it hammers the SP every time he does it.
If he was paying himself something like 30k and not 300k a year I wouldn’t mind to much. He might turn it around in the end but pay yourself big money when the company is actually making money not doing placings that wouldn’t be necessary if not for your massive wages. This is what I’ll be looking at when it comes to investments in the future.
So more or less funded for Zulu but nothing stopping GR doing a cash call (placing) saying he needs the money for RHA. Think that’s what most will be wary of definitely wouldn’t be the first time. Let’s hope not though some news on what is happening at RHA suggesting not would settle a few nerves.
What did this company used to be called?
With the sp about as low as it has been those negative posters have also saved those �potential buyers a lot of money�. Won�t be many people with PREM shares at the moment wishing they hadn�t bothered buying myself being one.
I'm not in here and never intend to be. Currently Vodafone is a pretty terrible company, as someone who has had issues with my phone contract with them I found the customer service terrible and their Inability to solve my simple problem unacceptable and left as soon as my contact was up. Since then they have been fined for their poor service and basically ripping people off. If you dig around online you will find thousands of people like myself who are having problems and leaving Vodafone and never using them again. If you use Facebook you will probably see they advertise on there, click on the comments and have a read they are full of people who have been abused by this company and can't wait to get away from them. If you ask me that doesn't strike me as a company I would want to invest in. I am sure they will soon be in more trouble with the ombudsman any time soon. As always dyor and I'm sure market sentiment and other things will have an affect on the sp so gains in the short to medium term are perfectly possible. Long term unless the mess of customer service is sorted out profits and the company like any other that don't look after their customers will go down the toilet.
There is a discussion about it now on BBC radio humberside
So it would probably be best to wait for a placing ( my guess is still mid January at around 0.5 ), watch the SP drop 5-10% below placing price then buy in if you think they are going to put the money to good use unlike in the past.