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17/03/17
20:46
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Originally posted by happy chappy
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Niftiest,I reckon Alex could ask the mining minister to call into the banks and have a chat with them re the Bassari funding. A look at the photo of him puts the wind up me. Things have not been smooth sailing with Bassari .Alex was not at all well 2 years ago .The chappy who analysed the drilling samples in Mali was very sick for a long time and has since died. The gentleman who was in charge of Watic , Bassaris partner died 2 years ago .A mine field of old mining code and new mining code being translated from French to English. An initial stab at mining in 2011 which resulted to the stepping away from the project because of lack of reliable equipment, uneconomical gold pours and artisanal activity threatening employees mining the project. So with the Peter principal truly having an effect, the company has continued to battle on to where were are now .Imagine when the company finally gets an even break. We will all wonder what is going on .Because we have the very odd, bitter and twisted ex shareholder posting inaccurate and in my opinion fanciful stories ,the staff at Bassari are having to take calls from fearful shareholders asking for reassurance .This must fill the minds of the down rampers with glee , but not Bassari which has a job to do for us. The Senegalize suffer the French , whom in turn do not like the English ,to which we are still a colony of , so I am happy to sit back and let this story unfold in its own time , having adjusted my will to bequeath the shares to me family.I truly believe in my honest opinion that it is time for a change of heading from HEAD SCRATCHING DILLEMMA. Surely there was enough decisions and actions taken today to have only clear headed share holders on board .I am still of the belief that having no debt is one on Alexs smartest decisions . The company is beholden to no one and cannot be cornered in any way of form .There is shareholder churn with every company and is irrelevant to the performance of the company. I reckon Teranga Gold would snap us up for at least 6 cents a share .That's my opinion but worth keeping in the back of your mind when coming to selling your shares in the short term . Just because you sold today Pedgeman I believe your posts have been of value here and hope you stay onboard.
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BSR at the AGM IMO, should keep the constitution up to date to prevent a partial takeover. Such provisions only last 3 years and have to be renewed. A partial takeover could cause real damage to the shareholders. It may be worth passing such a provision each A G M, to ensure that the company's vulnerability to such a takeover, dies not arise from inadvertence, or a meeting delay or postponement.