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From Orosur's X page a few minutes ago shows a least brad's thinking of preserving as much capital for Anza.
Still got a hell of a lot to prove to shareholders though in my eyes. Time will be the judge brad.
"Observant readers will have noted from today's quarterly we have decided to wind back our involvement in the Ariquemes tin project Brazil. An excellent project in a very buoyant tin market, but we cant do everything. In a tight capital raising environment we have to focus, and so the board have determined we need to keep our powder dry for Colombia."
"As the Company seeks to prioritise the use of its capital, it will, however, no longer pursue activity on its Brazilian project and accordingly, Orosur will terminate its JV agreement with Meridian Mining UK Societas on the Ariquemes tin project"
No question Anza holds a sizeable deposit . Reason why i'm holding.
Question is will/can the board capitalise on this for the benefit of shareholders? I am less convinced of this as time progresses. What is good for the board isn't always good for shareholders. From what ive seen over the last few years is the board making themselves comfortable at our expense.
I just hope a new institutional partnership is announced which will incentivise the board to boost the sp.
@ chicken. The other question is do they really care. As a collective we shareholders have no say in the company.
The board have not bought in with there own funds, so the share price is of little consequence to them.
I don’t think BG cares or give a second thought to shareholders quite honestly. He’s been a broker before by his own admission so knows this game inside out. The way we’ve been floated on U.K. and Canadian exchanges has been a deliberated tactic to mute our voting rights and resulted in us having absolutely no influence over the company.
I believe BG has used his position as ceo and Orosur as his personal nest egg. He is coming to the end of his career and this is his retirement exit.
I don’t know what sort of life he has had but strikes me as man with champagne tastes but a Coca Cola pocket.
In his own mind I’m sure he has a million and one reason to justify this course in his own mind.
Brazil and Argentina are only a distraction and Brads attempt to regain any integrity he had. I believe the market will only react positively to good news regarding Columbia.
I would like to thank all who recommended my previous post regarding our ceo. To say I’m angered by Brads’ performance is an understatement. I am all for him giving himself a raise when he is delivering for us shareholders, after all Brad we private investors are the ones who have put up our hard earned saving to support the company and you would do well the heed this.