Wednesday, May 15, 2013

Things shaping up for Mahdia

Well, if you read my last post about Mahdia Gold you know what I think of Alan Zaakir. he resigned (canned).

So now we have Andre Duchane at the helm and the old boys group which was headed by Zaakir is no longer safe. I look forward to seeing exactly who they bring in to replace Zaakir as the Executive Chairman.

I can't help but suspect that this was a forced move. Mike Wekerle bailed the company out with $1,000,000 to pay the Guyana Government, the amount which Zaakir had given himself as salary. The project could be sound, but the money behind it likely got tired of the games being played by this man. Overall, a good move for shareholders, Curious to see who they bring in next.

EDIT: ship hasn't turned it course. Some average alluvial gold production but no financing....

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