RCR

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2.4¢ rincon resources limited

Yea sack him . Lock his shares up . Let Gary do his Job .unless...

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Christian Dyor

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21/05/24

08:56

Post #: 73926531
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Originally posted by wadegarrett: ↑

Wikipedia absolutely nailed it Company should really be reviewing this guys involvement IMO

David LenigasAdd languagesArticleTalkReadEditView historyToolsFrom Wikipedia, the free encyclopediaDavid Anthony Lenigas (born 1961, Adelaide, South Australia) is an Australian mining engineer with a Western Australian First Class Mine Managers Certificate.[1] He has extensive corporate experience at Chairman[2][3] and CEO levels on many of the world's leading stock exchanges.[4][5][6] Lenigas was appointed Chairman of NQ Minerals Plc[7] on 19 October 2019.[8][9]Lenigas was educated at Brisbane Boys' College and the Kalgoorlie School of Mines, graduating with a Bachelor of Science (Mining Engineering) (Distinction) from Curtin University Kalgoorlie School of Mines, Western Australia.[citation needed]Career[edit]Since October 2019 Lenigas holds the position of chairman of NQ Minerals,[2][3] an Australian-based mining company which commenced base metal and precious metal production in 2018 at its flagship Hellyer Gold Mine in Tasmania.[7] Lenigas orchestrated the agreement for NQ Minerals to buy the Beaconsfield Gold Mine in Tasmania on 21 February 2020.[10][11] On 1 December 2020, Lenigas worked with ING Bank to sign a US$55 million loan facility for NQ Minerals just two weeks before the company would have been forced into administration.[12][13] NQ Minerals shortly thereafter went into administration in August 2021.[14]Corporate Governance Related Criticisms[edit]He has been accused of frequently "promoting a company, pushing up the (price of its) shares, then raising cash by placing new shares — and (thus) diluting the holdings of the early investors",[15] described as "a familiar tale with most companies he promotes".[16] His defence has been that "You can’t build a business on bottle tops.".[17] Furthermore, he has argued that it's not accurate to claim that "all his ventures have turned sour".[18] Although finance commentators have noted that most of the "hundreds" of companies he has been involved in, and "stock promoted" for, have failed to generate any successful shareholder returns.[19]In 2009 he was one of a group of claimants, claiming that he had been libelled when an investment publication in South Africa had described the group of executives of one of Lenigas' ventures as "cynically and greedily indulged in self-enrichment at the expense of, and contrary to the interests of, shareholders."[20] The High Court of Justice of the United Kingdom rejected Lenigas', and the other claimants' libel claim, and found in favour of the publisher.[21]

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Yea sack him . Lock his shares up . Let Gary do his Job .
unless they raise a t a premium issue apology and it looks something like this

Lol . I have so much money on the nose here

Last edited by Christian Dyor: 21/05/24

RCR Price at posting: 14.0¢ Sentiment: None Disclosure: Held
6 Upvote

1 Great analysis

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Yea sack him . Lock his shares up . Let Gary do his Job .unless...

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Defence MOU for propulsion systems pushes Aurora Lab shares higher

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Issues emerging as Australian companies tackle critical minerals challenge

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Cauldron Energy reports "excellent" uranium assays in latest drill run

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Yea sack him . Lock his shares up . Let Gary do his Job .unless...

Top Stories

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Defence MOU for propulsion systems pushes Aurora Lab shares higher

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Issues emerging as Australian companies tackle critical minerals challenge

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Cauldron Energy reports "excellent" uranium assays in latest drill run

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Featured News

Buyers (Bids)

Sellers (Offers)

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