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07:35
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Originally posted by godlike
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Hello Hello we agree on one thing............... the IPO of PNE was a disaster under the management of a particular person and genuine investor money was lost unnecessarily ....and it appears you were one and if so my sympathies .....however the bad deeds of an individual do not destroy the quality of a mining project. Numerous mines are re invigorated and turn into major mines because of bad previous management being removed. One interesting comment Grumpy Trumpy from you "Why did Sage gift it to CVS" is that you accepting that the price and quality of the project was a gift to Cervantes ?? agreed!! You really do hang on the Lobster bit and it is getting a bit wearysome............. it went into liquidation in 2006 or thereabouts and was saved and all its shareholders saved by most of the current management, who were never Lobster farmers and sold the Lobster Pots at the maximum price ever received in WA and reinvested in Gold projects............. get up to speed Grumpy. You really need to refer to the current management that includes a highly qualified Geologist and Geophysicist who joined the company as exploration manager because of his due diligence on the project and the various independent positive reports written since the takeover by Cervantes. His background in Rio Tinto and Newmont etc is not a manager of a Lobster business. Yes the same management saved Baraka from receivership and refloated the company and saved thousands of shareholders investments, introduced 2 oil permits for nil consideration, introduced a Canadian Oil company and Statoil the 14th biggest Oil company in the world to explore the permits giving Baraka shareholders who invested in the refloating 1,500 % return. They did not find what they hoped and the Oil price dropped and the share price got belted. SO who are you going to blame now Grumpy ??? Statoil and the Canadian company who spent some $40m and have Global experience ???
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Hi godlike.https://hotcopper.com.au/threads/ha...4043191/page-14?post_id=31447012#.WsFJIiJ_WEc https://hotcopper.com.au/threads/cervantes.3539985/?post_id=25797579#.WsFI2iJ_WEc https://hotcopper.com.au/threads/an....4092958/page-2?post_id=31935274#.WsFKMiJ_WEc
