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These chaps are two pillars of the establishment. Gent has been CEO of Vodafone (VOD) and Chairman of GSK (GSK). Clarke has been running companies including Majestic Wine since he stopped being a CSFB bankster in the early nineties. And he went to Rugby and Oxford so is a true scholar and a gentleman. Okay, Eales is a relative oik.

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A spokesman for Ironveld Resources (IRON) denied to me yesterday that sitting on price sensitive information for at least 6 weeks during which time the share price slumped by 30% as some folks “miraculously” knew the bad news, is not doing anything wrong. “The company does not believe that it has done anything wrong”. Neither do 90% of the inmates of Wormwood Scrubs. Whatever you say Giles Clarke and Martin Eales.

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 Not content with giving shareholder democracy a good shafting today, Ironveld (IRON) and its directors stand accused of making defamatory statements about GM Requisitioner Richard “Nobody likes me and I don’t care” Jennings who tells me that his lawyers are now working on a defamation action.

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Today’s GM at Ironveld (IRON) was a farce with Chairman Giles Clarke (Rugby and Oxford so obviously a  scholar and a gentleman so beyond reproach) refusing to take any questions and showing an utter contempt for democracy.  There were 4 attendees.

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Shareholders in Ironveld (IRON) will, thanks to Richard “nobody likes me and I do not care” Jennings of Align, soon have the chance to oust Giles Clarke and Martin Eales. The former (Rugby and Oxford, don’t you know, and thus, a terribly good chap who should not have to deal with plebs like Jennings) has accused the Align boss of bullying. Yes, a pissed off shareholder who complains must be a bully. Whatever. In the real world, it is Clarke’s own record that needs scrutiny.

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It is quite clear that Ironveld Resources (IRON) is a serially underperforming AIM dog and that its management should be held to account. Since Giles Clarke took the helm its shares have plunged from 4.5p to just 0.35p.  But Giles is a top fellow who went to Rugby School, then Oxford and was head of the England and Wales Cricket Board so we are not allowed to say what a crap job he is doing and how he should never be allowed to run an AIM company again. Clarke is a jolly fine fellow and anyone who says otherwise is just a smelly oik. Step forward professional northerner Richard Jennings.

NEWSFLOW

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The latest spat involving Richard "nobody likes me and I don't care" Jennings of Align Research, is with AIM hound, Ironveld Resources (IRON). Inexplicably, Jennings has offered Ironveld money at 1p. Even more inexplicably, Ironveld has said no, forgetting that beggars cannot be choosers. Jennings has fired off the letter below, which is, as you'd expect, forthright and menacing.

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