Magafuli passed away over three years ago. It’s quite remarkable that a “shovel ready” project is still awaiting granting of a SML after all this time.
EGR management are out of their depth. Andrew Spinks and his cohorts have failed abysmally to deliver on their own objectives. At some point EGR investors are going to realise that the current executive leadership team are going to realise that this mob are incapable of delivering of delivering a producing mining operation. At this point Andrew Spinks is just in it to collect pay checks – when was the last time he bought stock on-market?
It’s time to give Andrew Spinks the boot. With the right leadership this company has the opportunity of actually rewarding shareholders rather than viewing them as suckers to buoy the share price until the next capital raise.
Further to the above, how on God’s green earth are Bob Pett and John Conidi still on the board? F**k me, these two are taking the piss. Let’s give these guys the boot and at least give ourselves a fighting chance.
EGR Price at posting:
11.5¢ Sentiment: None Disclosure: Held
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