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Is going on here?
No communication from the BOD.
Will soon drop to zero and delist is my guess.
Pathetic management.
Interesting to look back 10 years and see the broker reports at the time : -
04-Apr-13 Morgan Stanley Equal Weight 39.50 37.00 Reiteration
04-Apr-13 JP Morgan Cazenove Overweight 38.50 41.40 Upgrade
Well it does indicate that there was hidden value here.
Let's hope for better times going forward.
I'm holding on and invested more today, seems to have bottomed out recently but all IMHO.
Good luck with your investments.
It's on the Canadian market but WRLG.V looks very positive.
They picked up Pure Gold's assets which were once valued at £1B for next to nothing.
Do your own research of course.
It's a 100K no from me.
I am guessing the other board members will be well looked after and the PI's will be shafted as usual!
I will take any Price above 15p
More from the website, particularly Principle 10.
Principle One: Establish a strategy and business model which promote long-term value for shareholders.
Principle Two: Seek to understand and meet shareholder needs and expectations.
Principle Three: Take into account wider stakeholder and social responsibilities and their implications for long-term success.
Principle Four: Embed effective risk management, considering both opportunities and threats, throughout the organisation.
Principle Five: Maintain the board as a well-functioning, balanced team led by the Chairman.
Principle Six: Ensure that between them the directors have the necessary up to date experience, skills and capabilities.
Principle Seven: Evaluate board performance based on clear and relevant objectives, seeking continuous improvement.
Principle Eight: Promote a corporate culture that is based on ethical values and behaviours.
Principle Nine: Maintain governance structures and processes that are fit for purpose and support good decision-making by the Board.
Principle Ten: Communicate how the Company is governed and is performing by maintaining a dialogue with shareholders and other relevant stakeholders.
From the MNRG website
'MetalNRG is driven to build a global natural resources business, delivering industry leading returns and sustainable dividends to shareholders.
The company creates shareholder value through indirect and direct investments targeting outright acquisitions, majority stakes, or minority interests.'
I think they need reporting to the Advertising Standards Authority for a gross misrepresentation of the truth!
The sound of silence.
What happened with the strategic review that was meant to be completed by end of September.
No real news yet and how are they going to fund any acquisitions that they identify?
Oh and when are they going to to kick out Rolf who has presided over a train wreck of a company this past few years.
Can't believe that he still has a job.
This could be a 20 bagger or more but may take 5 years.
Who has the patience to hold that long these days?
I made no mention of a JORC, I stated that 'it looks like', an assumption based on the fact that
Anglo have viewed drilling results and like what they see.
Why else would they be investing millions in Zambia and ARCM to develop copper deposits unless they are sure
they exist?
If a JORC was already available then the share price and value of the company would be multiples of what it is currently.
In my opinion it is always wise to follow the money however I respect that others may have a different view.
My window of investment is several years as opposed to many on here that look to turn round there money in a few days.
Each to their own.
The world will need copper, in volumes far in excess of what is currently available.
Anglo being here shows a they want to develop this area and it looks like ARCM have the reserves in place.
Another top up for me at what will be seen as a huge discount in a few years time.
Copper and of course silver are two commodities that the world cannot live without.
I'm with you there, how can the CEO be paid over £300K to oversee this debacle.
Down by a huge amount (for me) due to incompetent and poor management.
I think my dog could have managed this company better!
Sorry to hear about your sad news Les, my thoughts are with you and your family.
Well there are some big buys going through, possibly Institutions or Russian money?
According to The Canberra Times, two civilians were treated for shell shock and a wheelie bin was blown over.
In this area apparently there are frequent skirmishes several times a month.
My guess for the dividend is: -
£1.08 less the 20% retained for EUA 2 giving around 86p based on my calculations.
We will find out shortly.
The BOD know what they are doing in reassuring investors.
They don't want the price in the teens that is for sure, 20 -30p is the range until the big one drops,
Obviously they are trying to co-ordinate both the sale of the nickel assets and the sale of the PGM's to different buyers.
Then we move on to EUA 2.