Member Info for sw10000

Must admit a bit of an odd tweet to put on a company profile, I can only hope he needs the dogs back to guard the gold.

Either that or the wife has kicked him out and he's now living on site with his dogs

Forgot to add the important bit

The Company hopes to appoint Mr. Simon Grant Rennick as Executive Chairman, subject to certain final commercial negotiations and legal formalities.



Mr Grant Rennick is a graduate of the Cambourne School of Mines. His expertise encompasses not only mining and minerals but also metals, agriculture, and property. He has managed mining companies, both public and private, in Uganda, Malawi, Kenya, Mexico and Botswana; metal trading businesses in Bermuda and in the UK; was a co-founder of Industrial Mineral Finance House which provides consultancy services covering all aspects of the industrial minerals' sector; and established a property development business (since sold).



The Company hopes to announce his formal appointment in due course. In the meantime, Mr Grant Rennick has agreed attend board meetings and provide other services to the Company as "Chairman Designate".

He's working in a consultative capacity at present according to the RNS on Jan 23rd, my view is he will stay in this capacity until he is convinced it's a workable role for him

Corporate Governance

Due to identified shortcomings, the Board has asked the Chairman Designate to initiate a comprehensive review of its corporate governance, regulatory compliance and communications policies in order to strengthen internal procedures. This is expected to be a wide-ranging review and will include a review of the board structure, including the mix of executives and non-executives, and any requirements for different skill sets to ensure a robust and efficacious board structure. Furthermore, a review of all corporate governance-related matters, practices and policies and a review of all board sub-committees, will be conducted.

The Board has decided that the Company's financial advisor, VSA, as well as an independent firm of solicitors, will be consulted to assist the Chairman Designate in this review and the Board expects all the above to be concluded as soon as practically possible, but in Q1 2023.

Agreed, clean slate and lay out the detail clearly.

Get the new chap to run the governance / business side and let Robbie deal with Mining/discovery issues.

Agreed, it's all about what comes next and not the day to day trades at the moment, BTW someone just purchased 8 million shares in one go

Agreed JC, quite the swing today from 22% down to 7 up, almost as it the MMs were shaking to get the weak out who read CLN but didn't research apart from the scaremongers on here .

Completing review and showing they have governance under control, financing will be completed and he will be the new man taking credit and getting the house in order.

Robbie will step back and concentrate on mining and discovery which is what his skillset is.

They clearly state they are working on the longer term funding and clearly stated it would take several.months.

This is a short term loan and the CLNs is quite favourable, (not convertible until 2027 and 8% annual.interest until then) also note the company had the option to draw down an additional $4 million in funding... If thing we're that bad why didn't they take the lot to stay afloat

Believe it's 4 years before conversion and the interest rate payment is 8% annually.

Also, they are looking at a settlement with Millend it states at the end to fully repay

Derampers have probably gotten bored and found a new target to attack.

Quite is good as hopefully it's giving them time to refocus and get out a clear message at the right time, absolutely critical at this stage when they deliver funding news it is clear and concise

Been in EST since Aug 22 , been sitting in my portfolio not doing much .

Originally purchased as Alex comes across as a very credible CEO who's clearly passionate , knowledgeable and very professional . Good news is the recent interviews have confirmed this.

Going to be a great long term share and this year is looking very exciting

He always say he has no position, obviously doing it from the good of his heart as the so called "sheriff of aim", he has an objective and a shady past.

What is more interesting is all these people posting that would never invest, either they have serious mental issues or an agenda.

Value your time more ...

The new appointment that is incoming looks interesting , he's chairman at a company called Evrima.

First job is to review the company and process and ensure better governance... Maybe DD for an investment , often companies put their own people in when making key investments/ acquisitions

Here is what they do...

Evrima is engaged in identifying opportunities that can deliver growth on a direct basis through active investment positions or indirectly through existing opportunities that may require capital, respective skills or a combination of both, to support growth. Evrima, will look to creatively enter and structure investment opportunities where the underlying commodity and the asset are aligned inits growth profile.

The Company has focused its efforts on the identification of base and industrial mineral opportunities in Botswana and has successfully executed several investments.

Think this is the most sensible.post on here today , 100% agree.

The time for transparency and honesty has come, Robbie needs to stop saying things in interviews and stick to the formal RNS.

Fingers crossed he has a plan in place to mitigate, action time now

Guess we will find out, they did say they were taking parts offline for upgrades, fingers crossed they got them back online and started processing.

If we can get to 1000/Oz a month that wouldn't be bad

I've learnt in my years that number of years in the field doesn't necessarily make you an expert , there are blaggers everywhere.

Not sure what has happened here, he could have walked as he had enough. Alternatively, they could have let him fall on his sword after what's happened with OCiM .

The good news is they have 10 days to deliver the Q3/Q4 and AGM so at least we should know something soon

Would be nice to get Q3 and some form of updating on funding (steady the ship) etc

Fully agreed, everyone is prepared for the Q3 results to be bad due to being offline for upgrades etc , this was always part of the plan but sets the foundations for us.

Q4 should be more interesting if the heap leeches are running

Yep, gold is on a mission today .

Fingers crossed we can take advantage of the rise

Personally, I think that is a bit dis-honest of you to say this.

On the Telegram group like every other public forum there is a mix of people , mainly LTHs and no doubt some traders plus people with agendas to demotivate. We try and keep it honest and thats the best you can do , no one should take financial advice from here or there.

Discussion should be balanced in the group which we encourage, if someone is deramping or cross ramping we delete the messages and after warnings will remove from the group. Obviously at the moment there are concerned people, we are all emotional beings at the end of the day.

I look here and the telegram, challenge here is its a hive of negativity and agendas.

I know what the situation is with the company and what the BoD need to do, what we don't need is people popping in constantly with no knowledge telling us they sold or they are not buying now trying to push their own agendas.

At least on there I don't have to content with Clifford, Alex and what ever is , if we do they are gone.