I will explain my motives, I have spoke with ASIC about the loop hole in the overseas asset system, and how I arrived here, randomly I received an email from HC talking about Limpopo- it was another advertisement.
I experienced first hand the devastating effects of holding an asset in South Africa. Basically they can send the company into liquidation - if you remove your blinkers, you can see how-that is the easy part, finance and failure to meet CP’s is a simple example. They are many, and for us the South Africans did this for about five years.
Essentially, you can call me cynical or whatever, but motives are zero. FYI: I didn’t even read the detail of the DFS, as that is all noise for now. Choose to ignore me, but also be mindful that I have a lot of experience in South African investments, and the workings.
My only motive is to spread the word that SA and the surrounding corruption can be real- I promised this to ASIC and all, 1000’s of us experienced first hand, so if you invest big in South Africa like I did, then be ultra careful. As no system in Australia can protect Australian shareholders from foul play in South Africa. In our case, we lost the asset and to this day, cannot investigate or even find out how much the incoming owner took the asset for. We only know, they we received nothing, and we now own a shell in Australia with no assets.
If you want to invest large, I’m happy to go through my logic.
VR8 Price at posting:
9.8¢ Sentiment: None Disclosure: Not Held
