bad management seems the problem

Use to own this stock, a while back, and lucky sold the stock after talking to the cfo's. His weak excuse for giving himself and other company directors free performance shares, that where not enscowed (normally at least 12 months, finishing time of project), gave me the impression it was all about the quick $ for management. These performance rights cost each director nothing. If they where an option exercisable at 40 cents in 2010(which every other company would do), i would not have complained, and would most props be in the stock. Thank god i rang him up and complained.

The lame excuse for the performance rights for no $ was the rights performance hurdle had been reached (think it was 10 cents or something like that) and it was approved at the general meeting the previous year. Wonder who the major shareholders are who voted for this?

Don't worry i lost money too (only hundreds, as did not hold long enough), and have decided now, no more shares that have projects in Africa, never get off the ground, and if they do the govt are that corrupt over there they want extra stakes in the projects, or the people just fight war after war.

Peroka for its exceptionable high grades, large size, and ease of mining, could not get off the ground is amazing. I understand there are bigger logistical issues than most other zinc mines because of location. But good management would have alleviated this risk. Very poor result, and all management need to be thrown out, and some else given a go.

Good luck all