GREY:CGOOF - Post by User
Post by
cigarbuttson Jan 17, 2019 10:03am
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Post# 29244877
Ari Sussman has the appearance of.........
Ari Sussman has the appearance of......... Some kind of sleaze ball. I don't think he should be an officer or director of a public company intrusted with your or my money!!
Look at ALL the most recent press releases and even the current company presentation.
There is really NOT ONE statement about the mill and the mill being $107M over budget.
This for JUST the mill. "Scope changes".
Even the current presentation they reference the FS for the company estimates on "first pour" and "production".
NOT ONE freaking update about the MILL being over $100M over budget and its EFFECT on the schedule for production?
On a $390M project to go over by $100M, where the mine seems to be ahead of development schedule and needing less development meters to get it going, sounds like a HUGE management/project miss in the MILL development.
This Sussman guy and his team already laid a BIG gooseegg down in SA with Collossus Minerals? Remind me what happened there?
Fire him from CEO and BOD. They "hid" it in the June 30, 2018 MD&A discussion filed in August. No PR. No "material event" filing. Just hidden in the MD&A.
Now they all award themselves some stock options when the stock is down at 52 week lows. Corporate governance is DISGUSTING here and in Canada. THese rolling stock options plans are ABSURD. Get him out of here!!
Company should be sold to the highest bidder. Let someone else take over and complete the project. The only mining type/mining engineer on this BOD just resigned.
Now we are stuck with some lawyers/Finance types/MBA's/Accountants/Capital Markets people from Canada, all been hanging around the mining industry up there for years.
On a project that is now $100plus M over budget. In Colombia.