CGM (ASX) Ann: Toamasina Graphite Project Update

Originally posted by rtenn ↑

Hi Elcorp. Yes I will also say WOW. But why are you guys cheering? Are you here to watch a good fight or, make some money? If you want to watch a good fight than go see the Eagles play the Dockers at the new Stadium in Burswood when the season starts in March. If you are here to make some money this doesn't sound like Randal sitting down with Dan to works things out. Who does Randal think DNI is Rio Tinto? If he even wins, he will get nothing, never will any of you, but Randal will still get his big salary.
Just proves what I said on stockhouse that Randal will fight because IMHO he doesn't know how to build a company, just destroy one. When he won the Gold property in court in Canada, when does production and cash flow start on that gold property? Never. Randal IMHO sounds like alot of the junior resource CEOs I have seen in Canada, raising money to fund their own salaries, never finishing any projects.
If anything Randal said in the PR today was true, why wasn't any of this information in the October activities report? It should of been if it was true, so this story isn 't the way it really happened, or Randal withheld information from the ASE in the last activities report. And don't tell me what was said today was not important enought to be in the activities report. Enjoy your laugh today mates, but what have you really gained financially, if Randal ruins DNI ? ZERO, and this report doesn't give Dan much room to work out a deal, from where I sit, so again who gains, NOBODY except Randal and his big salary IMHO.

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Hi rtenn. You've got Randal wrong. He went years without a salary to keep Cougar on the right track. Why are we cheering? Because last Friday Dan did the dirty trying to muscle CGM out without notice and today Randal has exposed Dan's tactics for what they are. This may be the end of Dan but certainly not Cougar. If DNI don't renegotiate it will go to arbitration. If Dan can't defend DNI's actions then Cougar will be the big winner in all of this. Dan picked the wrong fellow in Randal to mess with. Dan could now be seen as a liability to DNI and who knows how long they may still require his services. You need to ask Dan some very specific question about his behaviour. I can give you a list of brilliant, high achieving CEOs who have caused their companies to fail as a result of their arrogant attitude. Don't forget who refused to negotiate and who brought this issue to the public arena. Yep, Dan.
IMO, remove Dan, renegotiate with Cougar and let the project continue unhindered. Cougar has lots to go on with while this is being sorted, DNI not so much. Interesting times ahead for Dan I think.