neal froneman

I must say, I have a large parcel invested in this company, however, I came across a report today, an old one, dating 2009 i think, that involved neal froneman, and it has me slightly worried

It was from a Resource Stocks magazine, from Jan09, page 30.

Apparently Neal Froneman was a director of a Uranium company in South Africa before he got into Gold. The article explains that Froneman, the CEO of Uranium One, advertised cash costs of US$18/lb and expected production of 2.8 million pounds from the Dominion Mine...later, the cash costs ended nowhere near that amount and, production was never anywhere near 2.8m lb, rather, 0.55m lb

Froneman later stepped down as CEO


I still am a huge believer in the Modder East Gold Mine, however, i must say this has me a slight bit worried, although not enough to sell out....yet