Aldridge Minerals Inc. AGMIF

Aldridge needs a Turkish CEO

[BetaInv]

I just got on this board and the site researching news on opportunities to invest in developing countries for the long term (one to three years). I looked at a number of companies, and, AGM sticks out clearly as an organizational nightmare.  

They fired their CEO, who appears like should have never been hired in the first place.  They appear to have a very strong local partner (Meki and/or ANT, I think) who is a controlling shareholder, which has been financing the company at much higher stock prices.  It is inconceivable that the local shareholder is happy about the situation.  The board needs to understand that competitive markets like Turkey are insurmountable challenges for the vast majority of North American CEO's. They need to get a Turkish CEO to run the company or risk being crushed by the local investor, and incentivize him well. If the Canadian public investors including, what it appears like, the entire Canadian board members, do not want to loose the company to the current controlling investor, they need to get a strong, Turkish president and CEO very, very, quickly.  Majority of small resource plays in China, for example, are lead by Chinese CEOs.  I will buy some as a very risky proposition, however, I hope the folks form AGM board are reading this paragraph and listening.