RE:RE:RE:RE:RE:RE:RE:RE:NEWS June23rd- PROVISION of EFFICIENT ENERGY for Project ++
Not bitter at all bvellieu and as a decent sized shareholder of AGG, am very happy with how AGG is coming along and am fully supportive of a RBX / AGG tie-up on fair terms because I (if have not made it crystal clear in previous posts) have ultimate respect for the Cohens and Rousselet as operators of RBX's Nampala mine - they've brought their high-tech backgrounds to Nampala, measure and monitor everything, have implemented an impressive ERP system etc, etc - and as a result Nampala is now (after a well known and reported on SEDAR tortured history) an impressive little cash cow.
My issue is purely with Pill, a well-known Cohen syncophant, who appears over here from the RBX board as "emissary" because I surmise, and it's purely surmisal on my point, he knows the Cohen's are circling AGG, puts forth all sorts of lowball valuation metrics for AGG, queries in his prefessorial style whether AGG management is up to the task of financing, building and operating a mine (his clear implication is they are not and only the Cohens are) and after going through all the financing scenarios for AGG, crudely, sarcastically (strawberries ? come on) and magically concludes that only a RBX/ AGG paper tie/up makes sense, at a 20 day weighted average trading price for AGG (17 cents ?) plus a few cents premium = 20 cents ? This Bonhomme has clearly lost his marbles.
Finally, after having researched the Cohens I have come to the unfortunate conclusion, only my opinion, that they are not company builders through M&A. Their history is as turnaround artists and not strategic M&A artists. Which means that in my estimation, even though the RBX/ AGG makes sense on paper, probably won't happen due to the disability / blind spot of the Cohens. Turnaround artists are by nature lowballers.
Which gets to my point about Pill not being able to have 2 ideas at once in his head : I can logically be admirable of the Cohens operational skills and at the same dismissive of their M&A skills in the jr. mining space, all at once (the 2 thoughts). Pill can't even remotely accept the possibility : as soon as he hears anything remotely negative re: the Cohens, he goes right to "Cohen-hater" accusation mode (the 1 thought). Same thing for his hiding behind his ESL issues.
There you have it. As you like it.