RE: Step Down4 Aug 2018 16:02
LW, I agree with you.
At the AGM, CB was talking about other investments like in Mozambique. I mentioned that perhaps we got to focus on making good our current asset/s before we thinking of more funds into newer ones. Maybe I'm not that bigger mind business like him or others 'cos I think that's what big businessmen do - they like to take more risk to borrow more money to expand. Unfortunately I've been in here too long with over 85% down & too tired to think of more funds/risks to expand when we thought years ago Manica was to be the jewel in the crown. I could have made more money with mine trapped in here & sadly I can't afford to sell up with the big paper losses. I've thought of averaging down with this low sp. but what it goes lower (I've done in the past at higher sp. - recent one at 2p & now that's half of it!). With the last consolidation, I thought things will eventually get better.
I think rather with shareholders moaning here & other sites, we need to seriously discuss about the situation, take action & confront him on his plans etc.. going forward (his answer to me going forward was expanding - told him to let's regain the faith & work good on Manica as it was a jewel in the crown & shareholders help raised to pay for it). Sometimes I get the feeling he's space out & in denial of reality of the sp. Although he did voiced about his unexpectation of the low sp.