This company is not there to do something and return to shareholders. It's there for management and director's to have good life at the expense of shareholders. After the money received from the sale of asset in 2015-16, they should have bought something in Australia. They received over USD $12 million dollars.
Instead they hop around from one difficult asset to another one. In that way they can sit on their desk and take the pay cheque. Buying an asset in Australia means they have to really do something. Now they sitting around saying waiting for exploration permits. Burned few millions in Tanzania, now in Cote'D'ivore....
until that money in hand is gone. Next Cap raise with some more blue sky BS.
I just imagine if RSG decide to sell their share (as they have their own trouble and might look to raise money)......there will be no buyers. 6oo million shares...no one would take it.
Shareholders should all get together.......call a meeting....sack all the people involved.....get out of those difficult jurisdictions tenements in Africa. Start fresh here in Australia. There are plenty project in WA worth a look. Recently RXL have done a fine job. I decided to sell this dog and keep RXL as they are at least trying to do something.
I don't know what these managements get paid for. Amazing.
I like to apply for a job at Manas Resources.
Job Position- Permanent Full Time Bludger
Job Description- Doing Nothing and don't have to do.
Experience- Never done anything.
Salary- Minimum $100K + Bonus (for pretending to so something but not doing anything) + Super + Travel expense. A company car would be good as well.
(20min delay)