RE:RE:RE:RE:RE:No bashers on the call... must be hiding inF&M were in fact the last resort. I can state with 100% certainty previous management and board were well aware of who F&M were and they cast a very wide net looking for alternative financing and partners but the junior gold space was dead as a door nail when F&M came on board. There were alternative options but they were even more predatory then F&M. AGG was trading around 5 cents at the time and F&M bought in above the market at 9 cents to secure control.
The transaction was controversial at the time with existing shareholders and clearly still is today but F&M have cleaned things up big time and Bharti has brought in a good team this year. The gold market is starting to value oz in the ground again, something that;s been missing since 2011. Bharti has a plan and he has the asset to execute the plan on IMO.
One other note. I'm going by memory here but if I'm not mistaken in the last annual report mailing. Bharti's compensation was around $120K per annum and no bonuses. I clearly remember I was surprised given his rep. If that in fact is the case it makes me wonder if him rolling back his usual compenstion practices was a condition for new investors comining on board. Certainly hope so.
Need that $5MM. Get it done Bharti and prove to your detractors you've changed your greedy ways.