Ann: Notice of General Meeting and Explanatory Statement, page-9

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PaulG

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26/02/24

20:27

Post #: 72606158
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Originally posted by Soothsayer: ↑

My thoughts are that Paulsens should not be sold and Apurimac should continue to be investigated to commence mining to generate a return. If we don't have the money to get Paulsens into production is to enter into an agreement with another miner so that we can unlock value from the asset. If we can't generate a return from Apurimac, which we haven't been able to in the past 10 or so years, then it should be sold also and we shouldn't throw any more money at it.

If our LEL shares are sold the funds should be put to getting Paulsens into production only if there is a sound plan in place as to where and how the money will be spent and if the project will show an acceptable return. I do not trust our Directors with our money or their ability to generate returns from both Paulsens and Apurimac. I'd prefer that all assets are divested with the proceeds returned to shareholders and the company wound up. Otherwise I'd assume we'd end up in the same position where Directors receive their Directors fees and we are left in the same position in 10 years time albeit with reduced funds.

Just my opinion, please do your own research.

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I agree. Winding up SRK is in the best interests of shareholders as there has been no value being generated for shareholders by management for years. Yes, we anre hanging our hat on LEL which has also been pretty dismal of late. Management either not capable of just happy to get paid for diminishing shareholder's wealth. The same should be said for BEL, OEQ and QUE. Do these companies actually do anything or just pay fees to directors which progressively devalues the company? I think I first bought BEL about 15 years at 29c. Now 4c and been in a trading halt for about 4 months. This is people’s hard earned that these guys are custodians of that we slowly see reduce in value over the years.

SRK Price at posting: 4.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

1 Great analysis

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