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The Chairman's Blog 8: Sir Benjamin Dover of Global Mining Endeavours takes more advice from African Potash ahead of "away day"

By Tom Winnifrith, The Sheriff of AIM | Friday 2 September 2016


 


Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be Candid in his approach. Blog number eight....

You can see all the entries in The Chairman's Blog HERE

Whilst the main focus of creating shareholder value at Global Mining Exploration remains the L'Ebola exploration asset in the Ivory Coast, let it not be said that we rest on our laurels and I was delighted to announce a new deal today which should keep the great unwashed, that is to say our shareholder base, happy.

We have partnered up with Kuiba Mwanaharamu, the State Mining company in Rwanda on a deal which gives us the option to explore the acreage at Foutre en l'air d'argent. It was explored by the French, hence the name. I don't speak Frog myself but the chaps from Rwanda tell me that it means "There is lots of silver here".

Anyhow a few jolly old deposits for the wogs in the usual bank accounts in Geneva and we are off. Kuiba Mwanaharamu, which I am told is the Swahili for "Trusted partners" will grant us exclusivity and will fund half of the cost of a mine in return for a 75% stake - all we have to do is organise and pay for the exploration. I appreciate that we do not have the money to do any of this but that is a trivial distraction. One thing at a time. Tarquin will be drafting a release very shortly.

We have not actually signed a contract with the chaps in Bongo Bongo land just a non binding Memorandum of understanding. My friend Chris Cleverley at African Potash tells me that because it is not legally binding we do not have to mention the clauses relating to those deposits we have made in Geneva. We only need to talk about the good bits. Gosh it is good to know someone like Chris he really knows the AIM Rule Book from back to front.

Tarquin says that some of the peasants may not know much about Kuiba Mwanaharamu and that I should explain all about it on my blog. I see that my old mucker Paul Warwick at Andalas faces the same problem of having shareholders who are just very stupid and have no idea what they are doing. In his latest posting he discusses a deal he has done which is a lot like ours in Rwanda. Recognising what morons own his shares, Paul writes:

"I understand that this familiarity may not be as well founded across our shareholder and stakeholder base and there may be questions about the importance of Pertamina."

Naturally I shall do my best to educate our investors too and appreciating how important this is, my personal assistant Miss Skirt has arranged a management away day for your chairman at a discreet location near Paris. Trust me here is no respite for your hard working servant. I shall be hard at it all weekend. And as ever Miss Skirt and I will be making arrangements designed to minimise costs for shareholders with regard to her accommodation and mine.

To be continued...



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