Patels' offer gone,; the Independent directors embarrassed; external advocates shown complicit, an ex CFO (and dad) exited before the shenanigans (intimating long planning), and the CEO shamed.
Is somebody accumulating to make an offer with that will succeed....but still get it cheap....I cant see competitive bidding...I can see the Patels ...hey ho...
Hope it works out...it did for me at KOD, but that is rare. Having said that I seem to have got myself caught up with Empire Metals, which I preferred to HE1 (dont ask me why!)
Purpose of listing on AIM is to raise money for start ups/juniors. The directors and staff want to advance their vision...they dont care if Private Investors are diluted to high heaven. The city firms get great discounts/warrants and forward sell. Ultimately the directors and their financiers feed of the retail investor (staying institutions get the opportunity to subscribe for shares to protect their investment from dilution- most have made forward selling, and other profits and have left)
I pulled out of aim mostly (still in KOD). I said to myself not to be enticed by the promises/anticipations of Aim companies anjd directors...remember Peter Landau of Range, What about Leni of Lenigas...the list goes on and on...and on....
The ex Rio hires, Australia, and the titanium entice me...but such a gamble.
J..pc irrelevant, but not risk free6 Mar 2024 20:10
Kod are doing great...but there are risks, although Bernard Ayling seems to have mitigated them (Hainan are not going to get kod cheap; kods other assets have funding). Hainan/Fosun would need to take Kod over. Kods gold assets are not insignificant.
Given the geo-politics and the uncertainties created by civilization competition gold is not only a save haven asset, but could replace the dollar...requires moving from the dollar standard to the gold (or Bitcoin) standard. We Know the dollar is under threat like never before.
You could have dinner with Keir starmer, Rishi Sunak, Jeremy Corbyn, Crispin Odey., Donald Trump, Joe Biden...or me...I bet they are all good company...
It will be the first time he delivers before he meets his maker, or he will meet his maker in with the long pattern of undelivered hyped promises. BUT...best of luck...
Great for Zimbabwe economy if their resources can be monetized- nobody would wish for less. The point is very few people trust George Roach to deliver-...its a problem/issue
Sorry to further add, but it just occurred to me. George Roach cannot escape his history/outlook I work/volunteer with a lovely White Zimbabwean man-he fought against Mugabe, and led a troupe of black Zimbabwean fighters...he is so affected by the history....not easy to be an insider.
I think multinationals use their governments to support their interests, and governments use their multinationals to advance government interests. Would be good if PREM was able to show some backing...