sorry tasmania lol - the magnesite business
If Minas Moaitze is the most lucrative part of the business why have they not considered off loading the Tanzania area of the business. Surely that would go a long way to paying off the $4.1 million at the end of Jan.
As for the KPIs met by BHR. I expect part of the blame in this is down to the BOD who set the KPIs not having enough independent directors which they were warned about previously but did nothing to correct. I have accepted there is nothing left in my investment although it would be a welcome miracle if something did happen but more than anything like Compass007 it would be nice to see these two held accountable for what has really gone on here.
Does anyone know the exact figures for the votes from the last resolutions. I don't think there was an RNS publishing these?
It really does make you wonder if you were really cynical whether all along the BHR long term plan since JFJ was onboard was to utilise PI investment during the economic downturn, then before the upturn (predicted) put a ridiculous re-finance offer on the table that they have a good indication PIs won't accept to force the business into administration and then offload the mine to their mates at Vitol. During the conference call I don't think this was mentioned once. RK seems to have a lot of kind words for them, which are lacking for us PIs. The fact JFJ has $400,000 invested indicates to me this must be worth much more to him. Honestly why governments are pouring millions of £$ into combating criminal activity across the 'dark web' is beyond me when these a**holes can tear you a new one in the cold light of day!
buffetinwaiting - not sure it says that if in administration Vitol could buy the mine for $1!
[link] - RK doesn't have much to say for us long termers. Hopefully some news be it bad/good shortly though.
or they could be set to announce going into administration....?
I have just voted NO to all resolutions through Interactive Investor. Have nothing left to say apart from good work to the guys on LSE.