IVR investigator resources ltd

Hi, DFI and All, Unfortunately, Andrew is a great talker;...

  1. 141 Posts.
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    Hi, DFI and All,

    Unfortunately, Andrew is a great talker; however, I do not believe he has any intention of mining silver or anything else of any value.

    His main aim is keeping enough money in the till to cover his lifestyle and to supply the shareholders with just enough news to tantalize them into continuing to support him.

    He only needs to keep this up for another couple of years then he will quietly exit the back door, as he did in his last gig. No doubt he will take full responsibility for his IVR guidance all the way from twelve cents to two cents.

    One in possibly fifty exploration companies will ever make the transition to a profitable producer this leaves plenty of opportunities for the dodgy would-be company directors. There are hundreds of ASX listed outfits headed by dead-beat story tellers, a really good one can keep the yarns and the cash flowing in for many years. A lazy quarter million dollars a year for spinning yarns is good work if one can get it. Then they simply move on, no ASX or ASIC watchdog to worry about either.

    “Mr McIlwain said it was his choice to leave, but denied itwas because the company board had lost confidence in him.

    DarguesReef Gold Mine: Andrew McIlwain says he takes full responsibility for cyanideprocessing saga - ABC News

    In one of his gigs, he used a different modus operandi taking a successful profitable mine into utter destitution.

    AndrewMcIlwain, Managing Director & CEO comment “As announced earlier this month, Hentyagain had a successful quarter, with high grade ore lifting production to13,212 oz. Importantly, Henty’s full year production of 43,851 oz was withinguidance. Notwithstanding this solid performance, and mindful of the recentgold price volatility, we have initiated a comprehensive review at Henty aimedat reducing operating costs and improving margins.

    QuarterlyReport April – June 2013 - Unity Mining

    By the way it’s all out there in the public domain one merely needs to look. Some of these characters can make a good living for 40-50 years without ever delivering any value at all for shareholders.

    Caveat emptor.

 
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Last
3.1¢
Change
-0.003(8.82%)
Mkt cap ! $49.27M
Open High Low Value Volume
3.1¢ 3.2¢ 3.0¢ $196.4K 6.373M

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7 1225694 3.0¢
 

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