GSR (ASX) GSR General/Daily Discussion

Originally posted by Lowkeyinvestor: ↑

A funny thing came across me this morning and this allways happens to me. You see my brain works in a very strange way and I am always astounded with what it come up with.

Hypothetically thinking
1. FMR do not participate in any recent capital raise.
2. FMR are embroiled in a case of Gold theft.
3. Jon Young non-executive director retires from the board while being the Chair of FMR Investments.
4. Barra Resources had changed its name to Greenstone Resources with a new plan that was not to repeat the errors of the past(or some such words). New brand etc.
5.Trial mining abruptly ends and the final 25,000t of ore has not been reported as processed.
6. Capital raise persist all the while Burbanks North has a permit to mine ( FMR elected not to mine we are told).
7. Share price driven further down by capital raises.
8. 25,000 tonnes of ore go missing (unrepoerted milling)
9. Shareholders give a first strike on the renumeration report.
10. ASX announcement to mine Burbanks North

I have left out Mount Thirsty JV on purpose as I believe it is a necessary piece of work and it's release to the market needs to be kept back until cobalt and Nickel start to recover and also that GAL's exploration run along positively.

Now back to our gold at Burbanks entwined with the scandal and law case involving FMR, would it not be prudent for the Chair of FMR Investments to exit the board of Greenstone (after 20 years) so as to distance Greenstone from the scandal but at the same time install a new minder to control the board. New CEO and Chair team that destroyed our share price with capital raises when Burbanks North waited to be mined.

Prediction.
FMR Investments are our new JV partner to mine Burbanks North.
I would rather a new partner.

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I agree LowKey.
As reported in the ABC News & other Media outlets and even though it hasn't been proved yet who authorized the stealing of the Gold.
Just being involved in a crime of stealing Gold by the staff of FMR, makes FMR unfit to be a partner to mine gold for GSR or for GSR to use their Mill.
To engage an unfit partner to mine Gold by the BOD of GSR also makes the BOD of GSR unfit to sit on the board as Directors and they should all do the correct thing and resign immediately.