RE: Their Greed....23 Jan 2020 14:22
I’m not so sure its a ‘stitch up’, rather a f***ck up.
He had the high risk plan and didn’t execute on it.
He should have gone with a Major after the planning consent was given. This was the inherent risk in the project. Seems as though after that funding failure he was happy to take his cash and pass Sxx on to a company who can ensure the mine is bought to production and jobs secured.
Tricky one to decide whether the current outcome was planned or simply the result of a BoD out of their depth, failing to deliver and then looking for a way out.
Clearly when he was ranting last year about people over investing and BBs, the writing was on the wall and he was showing his true colours and the fact he had had enough. Unfortunately at the time this BB was happy to say he was misquoted bla bla bla rather than seeing yet more warning signs. Too many emotionally attached investors.
As for AAL being in talks for 12 months, this isn’t unusual and doesn’t mean there was collusion to create a purchase price of 5.5p.
Anyway, I doubt we will ever know the truth, unfortunately.
Lots of questions around how actively Sxx pursued other rescue packages. Hopefully, sharesoc can get some answers for people, but again, (as with the signing of the petition) the PI support seems underwhelming.
The activity level on this board reflects the fact that for many PIs they have sold and moved on with their lives.