Preempt, No dispute from me re the Somali's needing to learn a new way to live. Prehistoric levels of tribal hatred are no good for anyone. Combined with and exaccerbated by poverty and it's a nightmare.
Extraction and sale of resources (with profits spread around fairly)is surely part of the solution.
As for the reason that so many representatives abstained or voted No, I am unsure. All I know is the numbers. To me, the result looked like a contived one that would allow work to proceed but could easily be challenged/overturned at a latter date if required.
Regarding management maybe feeling let down by failed timelines and milestones not being acheived due to no fault of their own, of course I can see that they are only part of a complicated process that is not expected to progress along smooth and predictable timelines. The destabilising violent campaign by fundamentalists in the latter part of 2006 though predictable, is an example of things beyond the control of management.
Other matters are 100% within the control of management. Like management of company funds, the Finnies discount shares and dilution fiasco, ridiculously high payments to consultants for vague services rendered, mumbo jumbo "30 bagger" statements, unexplained aim listing delay, sale of uranium interest for a joke price, official communication with shareholders. These are all management issues and have been handled poorly resulting in the market's opinion re the low value of rrs.
RRS Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
