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joca

1,819 Posts.

156

08/02/23

02:18

Post #: 66127543
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Originally posted by HIO ↑

Yes Fike - clearly the director resignation was because they knew what was coming. Keeping shareholders informed is what they are paid to do as well as guide the company. By their silence they have lied to us and by walking they have failed in their duties. Good luck to all of us trying to get them to be accountable for their actions. You can bet they will pop up elsewhere wearing the same "cloak of responsibility, honesty and proficiency" they donned when working for us. Does the law hold them to account? - not a bloody hope in hell for that to occur. By default, the theft of millions from shareholders is but a passing non event to such people. The mirror will still reflect the same fancy suit and slick hairdo and expensive polished shoes and perfect smile as they ready themselves for the next important Board Meeting, making important decisions as pillars of society. Sorry for the vitriol, but I would have to delude myself mightily to overcome my conscience to walk in their shoes.

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We didn't have any backup cash when something went wrong and it did.
The whole $20m debacle on the royalty payments probably was an insight into management's shortcomings.
Still like to know how something so simple as paying a % in royalties ends up in court and we end up paying upfront royalties for something that is still in the ground. That 20m we paid was a big part of our undoing.

Last edited by joca: 08/02/23

RVR Price at posting: 7.3¢ Sentiment: Hold Disclosure: Held
11 Upvote

4 Great analysis

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