Metalnrg Share Discussion Threads

[excellance] 02/12/2021 08:32

Whisby doing very well.

[excellance] 30/11/2021 10:49

From 25 October to 18 November Rolf didn't say a thing about Rocco's reason for leaving.

Why?

He absolutely knew there was a dispute, but neglected to report this material change as he should have.

Are your days are numbered Rolf?

[excellance] 30/11/2021 10:44

Well, I wonder what Rolf will do this week to justify his £150k salary?

Best that he doesn't actually do anything, he's done enough damage.

8(

If only he had reported the reasons for Rocco's resignation at the time and not weeks later.

I wonder why he didn't do his job?

[excellance] 25/11/2021 01:09

Not sure Rolf has any choice, he's f##ked up big and struggling to avoid utter humiliation.

As the interview said "did you not do due diligence?"

In business there are no grey areas, you're either in control or you're not!

[excellance] 24/11/2021 16:54

Britnrg have gone on twitter stating that Rolf has made material inaccuracies in his release of 18-11-21 presumably about Rocco's affiliates interests at certain points in time, casting doubt on the legality of the agreement made between mnrg and brtnrg.

This seems to be all about who pays a bill since mnrg became parent and therefore responsible, but if the deal is void then mnrg aren't responsible for liability.

No idea how much the demand is for, but Rolf is clearly panicked and desperate to avoid it by insinuating that maybe Rocco wasn't entirely looking after mnrg interests.

[excellance] 24/11/2021 15:55

Personally I think of mnrg get sued then they would do better claiming against Gerritson personally because he's got way more money than the company have.

[galarse] 24/11/2021 14:22

I don't see this holding out, below 0.25 by the end of the week. Coupled with the prospect of solicitors and legal proceedings this looks like a lame dog, might as well shoot it now and put it out of its misery.

[excellance] 24/11/2021 13:04

That said, in the hands of a more capable CEO the gold ridge project could be very valuable, and even now on a go slow approach is worth a lot more than MNRG with Rolf at the helm.

The Italian gasification investment is probably also worth a bit too.

The uranium project isn't worth anything at the moment due to government ban, but that could change.

I also think that the BritNRG holding is valuable, but Rolf appears to have got us into a legal dispute and who knows where that will lead or how much it will cost just for solicitors never mind any liabilities if we lose.

[excellance] 24/11/2021 12:25

He obviously cut and pasted that from his own CV, but didn't bother to spend the time, at a very expensive hourly rate, to proof read. If his own CV is full of gibberish it is no surprise that Rocco ran rings around him.

However, at £150k pa I expect he'll cling on as long as possible cos he won't get another job after this fiasco.

Actually, looking at his CV I wonder how long he's managed to cling on to any job, it can't be much longer than a couple of years on average before his previous employers find him out and send him off to another continent to limit the damage he does.

[dr darkstar] 24/11/2021 11:59

From the MNRG website.... please read very carefully....

Rolf Gerritsen (aged 55) is an entrepreneurial executive, with outstanding strategic, organisational, commercial and financial skills with an exceptional delivery record developed over the last 30 years with specific focus on the Natural Resources sector. Core strengths included strategy development, strategy implementation and sourcing capital for growth companies, special situations and restrucutring . Proven ability to develop creative solutions to complex business issues. International experience with 4 languages spoken fluently, worked in Europe, The USA, Africa, Australia, Middle East, the Far East and South America. Over the last few years Rolf has been working with Boards of listed and private mining companies developing, designing and implementing growth strategies while ensuring the appropriate capital is sourced to deliver the plan.

The key word here is 'included'. In English this means, in essence, historically. He's clearly lost these key skills and admitted so in the write up. He also can't spell restructuring so isn't competent in that also.

[dr darkstar] 24/11/2021 11:54

I can't ...

[excellance] 24/11/2021 10:49

Hardly a mass exodus, a don't think there are many holders here anyway.

We have to wonder what good news there could be near term, and when that may be, apart from Rolf resigning of course.

I think so far the only deal he hasn't f##ked up was the Italian gasification investment, but there's still time...

Am I being too harsh?

I'd love someone to disagree with me and explain how Rolf staying would be a good thing...

[galarse] 24/11/2021 10:07

Looks like the mass exodos continues. What BS can we expect to dribble out next?

[dr darkstar] 24/11/2021 09:10

They are both clearly paid far too much set against what they are achieving

[excellance] 22/11/2021 12:38

Gerritson holds about 3% of the shares including options.

He was paid £47,000 for six months salary, and £92,000 in fees last year.

He has been the definition or epitome of failure during his costly tenure. The chairman is also failing in his duty by supporting him.

Schaffalitsky was paid £12,000

[tomboyb] 22/11/2021 12:21

I remember many years ago when I had a conversation with a CEO of a listed company -

The share price at that time had fallen 70% over the course of a week and I asked as a % shareholder what he would be doing to get back some shareholder value -

His response was " we are all shareholders of the company"

Of the 174million shares in issue I held around 2% -

He held 150k shares worth tupance -

Clearly he was right! lol -

[excellance] 22/11/2021 12:15

I know Rolf said that all of the directors are shareholders, but how much does each get paid?

[block4gooner] 22/11/2021 09:54

Was the share price dropped to facilitate it?

[tomboyb] 22/11/2021 09:48

3.6mill buy -

premium timed -

[32campomar] 22/11/2021 07:53

A desperate RNS containing nothing new from a desperate CEO trying to deflect attention from last weeks debacle

[excellance] 22/11/2021 07:37

CS may still be a director of MNRG but he's made no comment on today's RNS