RE:Iberian looks great........BUTThe UK based Hooley is also the CEO of Anglesey Mining plc, listed on the London Stock Exchange, symbol: AYM that trades at 1 pence, down almost 40% during the past year. This company owns 15% of the defunct Labrador Iron Mines in Canada.
From the looks of it, Hooley should be giving the last rites to Anglesey as well.
I understand that Iberian wanted representation on the board from the UK to promote its efforts on getting an AIM listing. Last spring, Iberian also appointed a new UK chairman of the board - Jonathan Morely Kirk, who is a financier and former CFO & chairman of Fox-Davies, the brokerage firm that promoted Iberian's AIM listing.
I do know the attempted AIM listing was a complete failure.....an expense one at that.
I serioulsly doubt any funds have been raised abroad.
If Iberian's model is to treat their board as a holding paddock for non-performing foreign excutives, they are definately on track.
I am a long time shareholder and supporter of the company, going well back into the Solid Resources days. I have attended all of the company presentations in Edmonton during the last three years and speak often to mgmt. I like the story.
But seriously guys, smarten up! There are a lot more pissed-off shareholders out there besides me.