You've got some serious answering to do Matt Wood ; first IBR gold pour in October, almost 8 months ago and still no real information on present gold production and the promised ramping up to 60,000 oz per annum which should have been achieved by now. The last addition to that gold plant to supposedly give us full production ,the Geko recovery section should have arrived on site long ago after leaving Melbourne 4 mths ago.
Some serious questions relate to the IBR directors support of TMR's offer on the opening day of the offer on 28th Feb , can we have some full disclosures of all deals done behind closed doors with IBR directors and IBR director elevation to TMR board, salaries and any incentives offered....full disclosure is the very least that is due under these circumstances.
It was all too cosey that the day after the TMR s/p spiked to a record high [ if you want to see what a huge spike straight up and down looks like, have a look at tmr weekly chart for the 12 mths to the end of March ] tmr goes straight into T/H and the announcement with full IBR director support happens, with our brighteyed IBR directors trying to tell its loyal investers it was a good deal , simply because with tmr at 26 cents that automatically valued IBR at $1.04 and this is the BS line they continued to run with for the next ten weeks. I want the ASX to investgate the circumstances of who was instrumental in the tmr s/p spiking to the record high prior to T/H, who did the buying and with what posible insider trading knowledge was it orchestrated.
Until we get some answers to many questions here there appears to be quite a stink to this sorrowful affair.
Until we get some anwers, the loyal IBR long term investers should hold your ground; you deserve a lot better from those whom you trusted with your hard earned money. Many of us believe the 4:1 was just a sell out and a rip off and those responsible could well be asked to account for this.
I believe all you have done Hugh C. is alienate and try to short change the very loyal long-term IBR share base which you should have valued and welcomed into TMR; while your call centre continues to hound some remaining IBR shareholders 3 times a week, it would appear the blunt axe method is not going to work.
IBR
iberian resources limited
