Back to basics4 Feb 2021 10:54
I'm not sure if anybody on this board knows Dan Betts personally, but I'd like to try and take the personalities out of the equation and look at the basics of investments.
Excuse the simplistic point of view but it helps my focus on the issues here.
A man has a dream, in this case to build a gold mine with exemplary ESG credentials.
He asks investors to put money in so he and his friends (the Board) can set up and run a company to fulfil his dream.
Investors agree to put up their money and entrust the man and his friends to run the company, on one condition.
That the man uses investors' funds wisely and provides a reasonable rate of return to his backers.
The man can now start fulfilling his dream.
What we seem to be missing here is a lack of reasonable return to investors, leading in turn to mistrust of the man and his friends.
Is that too simplistic?
Personally, as I've previously posted, I'm absolutely delighted to be associated with, and invested in, a company that is doing so much good in the local community and one of the poorest parts of the world.
It seems to me that Dan just needs to improve his PR, give his backers something positive to look forward to in terms of a return on their investment, so he can get on with fulfilling his dream, unmolested.