Ann: December 2023 Contract Note, page-92

Yes that's quite accurate. They are part time amateurs paying themselves lots of money and meanwhile at best spinning tall stories to the rest of the shareholders.

Your scenario is certainly possible. If Quantum are really stuck for funds they will try and sell their shares to a larger mining house. Problem is Besra suffers from the Dato Discount and will do so until he disappears back to Penang. If they want to get a good price they need to clean up the corrupted board and management structure and run this thing with a comparable degree of transparency and professionalism as your average listed junior. They are currently a million miles away from that.

The kindest thing you can say about Dato Lim is that he was unwittingly sold a pup by Nobleman and the old Besra gang. His stewardship since he became chairman nearly a year ago speaks for itself. It's hard to imagine this trades at a paltry 7 cents. It's an utter shambles.