RE:It’s becoming clear !! I asked Renaud Hinse about the Elder NSR at the last conference call and he said that "It is not for sale".
Between the Hinse family (Decochib) owned NSR on Elder and the Hinse family members and friends that occupy at least 4 of the 7 board seats, we have a situation where one family with slightly over 20% share ownership effectively can run Abcourt as a private company, which it is not.
I want Abcourt to be run the way a public company is supposed to - with a board that makes the best decisions for all shareholders. Jean-Guy Courtois, Francois Mestrallet, and Normand Hinse all need to resign so they can be replaced with qualified mining industry professionals. They do not even have mining company experience.
As shareholders we need to know who the new CEO will be and when they will replace Renaud Hinse. That is very important. Renaud Hinse is in his 90s. ABI shareholders need to know very clearly what is the exact succession plan. That is absolutely expected as a form of guidance to shareholders and to provide them peace of mind. The new CEO must absolutely not be Normand Hinse because he lacks mining industry education and sufficient (if any) experience.
Also, as you wrote, the NSR should be sold to a non-Hinse family related entity.
If they would make the above changes, investors will immediately take note that Abcourt is finally being run as a public company and not as if it was a family owned business. I believe that the share price would immediately double on those news items alone, especially if the new CEO has the extensive experience that is required.
With their 60+ million share holdings, can't the Hinse family see that would be best for them as well? Can't Francois Mestrallet with his 60+ million shares also see that the necessary changes mentioned above would also greatly benefit him? The attempts to control ABI as if it was a privately owned company is actually keeping it back from being run by top-notch mining professionals and securing its future potential. These are basic steps and they need to be taken right away!