RE: RE:Hope new management???Why all this talk of selling?
The situation we presently find ourselves in with FIU is directed entirely from within.
The company and it's old management created this problem. Vilisango sp. It would appear has a role in this whole charade and will have their hand in this going forward. It has always scared me when you get involved with a group as partners and all they are there for is the fact that the color of the management is an issue. The BEE laws are archaic sp. to say the least.
Could you imagine a law in Quebec that required a francophone on the BOD of a Quebec registered company? Never mind the silliness of it but a person not the least qualified to be part of the BOD running the show only because he/she spoke a certain language or had a skin color that matched the majority?
This is one of the reasons this scares me so much, all the problems that FIU faced was not a direct result of the previous management but seemed to happen when management got out of bed with Vilisango and it seems now that the permits were withheld or cancelled... Then miraculously management gets the boot and new managers who got along with those Vilisango boys/gals and the permits start to get reissued.
We have gone to the ringer with this company and I think if we hang tough, forget the idea of selling now, heck there is over 500 million invested in capital that alone puts the share price over 2.00 not counting the gold in those holes.
GLTA