I understand 'peekers' frustrations and charges. Here are my thoughts and quandaries:
The people I've met who know Rich say he's honest. Some have known him a long time. What does that mean as far as his performance ?
1) He is a liar ? No; not a liar.
2) Is he a promoter who tells a good story to attract investment money. He is.
A) Does he believe his promotions ? He does.
B) Does he care if his promotions take longer than he predicted. No, not really; in that respect, he is a salesman.
C) During the execution of his promotions, does he discover 'value added' new pathways to a bigger promotion ? He does.
3) Is he a good manager ? No. Definately not.
A) Does he care ? No. He defers to his promotion mentality.
B) Does he know he's a bad manager ? I don't think he does. I don't think he cares.
C) What is his model ? I've been involved in Hi Tech startups most of my adult life. The guys who do 'startups' are not the guys you want to have run the business, if it becomes successful.
The Future ?
1) Rich 'frames out' (yes, frames) his Empire.
2) Rich gets someone else, with management and fiduciary skills to run it. We may be early for that.
3) Rich needs to understand the damage he has done to investors and potential new investors. He is completely blind to this aspect of himself. This will be an ongoing problem and the reason shareholders should demand reliable management in a CEO someday soon.
4) There are global economics completely out of Tara's forecasts. I am a commodity investor; without the BRIC and emerging countries, Tara Minerals doesn't stand a chance. Gold and Silver are another story.
Conclusion ?
I was so unhappy with 'Rich Biscan World' as a cult, that I was going to ride it into the ground as another lesson. I'm sure 'peeker' and TT echo that. I don't trust Rich in so many ways. As 'Dirty Harry' once said, "A man has got to know his limitations".
When Rich finally puts true management, not a mining team, in place, he will have acknowledged his limitations. Revenue will be key to that.
JMHO and BTW, there have been some excellent posts here.
GLTA.
AI
