RE:RE:Iberian looks great........BUT
I totally agree with you guys. I am a significant shareholder for many years now. I also don't feel having these foreign directors on the board makes much sense to me. I am quite upset myself as far as the monies, resources and the time lost on the AIM listing and Fox-Davies. Bill Hooley's association with LIM doesn't instill much confidence and may deter new shareholder confidence given this recent Labrador Iron Mines shipwreck. Shareholders over there are obviously upset about how that has played out. I didn't know about Anglesey Mining until now but it looks like that company too is on it's last legs. Mr. Hooleys recent track record leaves a lot to be desired. I feel IML is quite undervalued and overlooked given its strong financial strength and promising prospects compared to its peers in the space but we could do without the additional negative attention, especially given the overall sentiment in the junior mining space is bad enough already. I believe these two guys were brought on as part of the Fox-Davies deal. So if they were not able to deliver in the first place, why are they still around?! All I have seen is the stock price go down since they came onboard. This company has been given a gift with their 7 million dollar windfall from the sale of Alberta-1. They made money selling that property which is next to impossible given how many assets are up for grabs for pennies on the dollar. Now they have the funds to see Cehegin through and we didn't have to get diluted in the process, so I hope management finally gets their act together puts this London debacle behind them and gets back on track.