RE:RE:RE:RE:Concerned that there are no negative postersKeepitreal11 wrote:
What I don't understand is, if you have so little faith in abcourt and it's management, what are you still doing here? Clearly not just being a good Samaritan, you're too busy for that. Why continue to invest in such a poor company and post about it then? Why bother with these stupidly self righteous.... Cryptic and.... Smile.. very weird.... Pointless broken..... Sad.. English and other words.... - type posts? If it's such a failed company why haven't you just sold and left and never looked back? What still draws you here and to this company then?
Speaking for myself, I have faith in the assets of Abcourt, but not in its management. As to why I am still here, I am still a shareholder, and I believe with a younger and dynamic CEO Abcourt could makes us a hell of a lot of money. And I mean, somewhere in the region of 7 to 12 times current share price - if, and only if, managed properly.
It is not about investing in a poor company. A company only really fails in and of itself when no one wants either its produce or its assets. With regards to Abcourt, the assets I think are pretty good. Where the problems come in are in the exploitation of those assets by management. There is a serious problem here and it needs to be addressed for the good of all of us that are shareholders in those assets.
Let us give Renaud Hinse his dues. He has overseen a company with good assets and that company is still around. His acquisition of SG mine and the mill was a high point in his career. This was an acquisiton based on his substantial knowledge, and it does him credit.
Where Renaud Hinse is a failure is that he is a terrible manager. In order to get the best out of an asset it has to be managed well, so that it can produce something at a good price and at a profit. The better the profit the better the results for the shareholders. Renaud Hinse is good on knowledge based things, but terrible on performance reliant results. This suggests he would be great for a young and dymanic CEO as an advisor, but as a CEO himself he shows, by his results, that he is not up to it. In other posts, I have shown that other CEOs have done far more in far less time, with benefits the shareholders. Now, it is important to realise that age may be a factor in this. If Renaud Hinse had have been 50 years old 10 years ago, and with the circumstances that exist now, he might have done better. I say might because on can never know for sure, but a younger man would have been quicker to deliver, and at 50 wise enough not to take needless risks. A man in his 90s, well, it is all about what he leaves behind for his children.
Renaud Hinse was too old to be CEO of Abcourt Mines during the time it is supposed he acquired the royalty for Elder Mine. In the years since, it looks like there has been nothing else on his mind other than getting that mine into production because it would have been tremendously profitable for his family. And where he suceeded in getting it into production, he failed to live up to his own expectations and judgements of what that performance would be. However, he did manage to make that mine work for him and his family.
I am still a shareholder because I believe in Abcourt assets. Properly exploited for the benefit of all sharehodlers, these assets will deliver substantial gains.