Just when I thought the level of incompetence within the George St. office couldn't get any worse......
The recently published quarterly report that was issued by our overpaid (IMO) Company Secretary states that the company continues to hold its Cambodian tenements. However it seems a well known poster from another forum has heard otherwise (see below post from TS).
IF the Cambodian tenements are no longer, I would like to know what the %*#$ has been going at George Street i.e. what was the end result of the negotiations with CMY following CMY's announcement on the 11th June and why didn't IDC disclose this VERY material change (IF TRUE?) to its shareholders in the most recent quarterly report?
IF the Cambodian tenements are no longer, will this turn out to be the straw that breaks the camel's back for the remaining Sydneysiders?
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From TS.............
'................thats "IDC".
I don't think IDC had broken from its past and "re-structured" (howsoever that term should be used) because the company (up until last week) had the four "founding" Richard Craniums hanging around.
One of these lying parastitic incompetent lumps of steaming congeled feceal matter saw fit to do a runner but there remain three further piles of steaming dodo dung to be swept from that place.
No doubt that will take place over the next ten to twelve weeks (have a nice christmas fellas).
On of the most galling issues we have to face at the moment (and some times I am left shaking my head in utter disbeliefe) is utter and total incompetence of the clinical m.o.r.o.n who issued the recent company report (and I entirely exclude Demott McVeigh from this particular allegation).
Yes, the tenements in Cambodia are dead.
The Cambodian government was extraordinarily pissed off with Steven Promnits and that useless Pukka Pommy ***** and former Chariman who, after having over $120,000,000 go through their books, did absolutely nothing there.
Steve Promnitz' former boss (a prominent, highly successful and extremely well respected member of the mining industry 'community') once described him as an "absolute crook" and gave reasons for that opinion.
It is extraordinarily difficult to imagine a more unworthy individual to have held office as a CEO in a company with such an outstanding project as at Mt Kare and those tenements (formerly) held in Cambodia.
Oh, ............. no, .................. wait, ...........................I can think of some one..................the grossly overpaid and near invisible company sectetary.
Ok, on the positive side there are good smart highly experienced people working hard to put this project back on track and bring some real benefit to share holders We need to watch that space, fingers crossed..................'
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Note: the above opinions expressed should not relied upon nor considered as advice of any kind. please DYOR.
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