Go back over the last 3 to 4 years of announcements. Read carefully. Then assess the progress AIM has made in this region over the last 10/15 years re actual achievements and share price gain.
Then make another assessment.
Just aside, their is a meeting on 7th re progress. Its standard spin to pump out stuff with tags a few days prior. Pump, head off shareholders and then relax.
Mumbwa has been going on for years, its not news.
BHP are very smart, get AIM to spend their dough and see how the land lies. If average leave it with them. AIM have not got the capacity to raise finance or the expertise to complete any project in Africa.
Its track record in this region has been and is diabolical. It has no consistency of management, as soon as their is a sniff of mineralisation, performance rights are issued with reckless abandon with no critieria and then that management group plunder and move on.
The management consultants provide the spin releaseses as per the timing for this lot and the saga begins again.
The only people making money in this venture are the management, consultants, contractors, geologists, aerial survey so called experts.
The people losing are shareholders, shareholders and shareholders.
The icing are the announcements, all spin. There is no cake, there is no one capable of finishing anything or seeing it to completion. One lot of management has their fill and then another lot comes in and repeats the same process. Once again, read the announcements over the last few years.
Its a perfect skam for making money. The project is on the other side of the world, no one really knows what the hell is going on. It could continue at .03/05 cents for another 10 years. Make announcements, raise more capital, issue performance rights, promise, redeem and move on.
They are now taking each other to court with the shareholder funds.
Would love to see 4 Corners give it a whirl.
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