RE:Peter Grandich commented on NSU yesterday I think every shareholder should litigate Mr Cliff Davis!!!!
in my opinion, he stole $14 million from nsu shareholders.... he took the money and ran....
under his leadership.... he once took a mighty promising company that was delivering on fundamentals on time and on budget.... to company that i believe still has very valuable assets... and basically lied and manipulated every shareholder at nsu!!!!
this CEO ... took nevsun from a share price of $7 cdn ... or market cap of $1.4 billion cdn to an 8 year low share price of $2.81 and market cap of $848 million cdn...
he was running that ship into the ground like the Concordia. FFS!!!!!
despite having made what seems to be a very lucrative acquisition ....
so what can you say about his legacy???
he's a liar and a thief!!!
davis lied about not cutting the dividend, made no mention of the write off, he also lied about a quick resolution to the copper / zinc mining recoveries problems and that it would be resolved quickly. He lied and implied that Bisha mine life could grow in reserves... instead mine life was cut!!! Liar Liar Pants on FIRE!!!!
In my opinion,
he's no better than Bernie Madoff ...
cliff davis should be forced to give back that money...and put in prison to boot!!!!