Silence is GOLDen

Today we can celebrate 3 weeks of pure silence from Gold (we don't talk to the press) Circle regarding the audit that required their top two managers to vacate the premises.

As usual they are as transparent as mud.

Happily for them, there aren't any shareholders to whom they would be accountable.

GC must be unique in SA that as a organisation that has billions pass through their hands can operate in this way. I would guess only the Gambling Board has teeth in that world and as long as it's none of their taxes that is missing then they lie dormant?

yes they silence they send a sweetner out for trainers in w/cape to ride 100kms for lunch but no wifes or asst trainers so fuck them and there lunch i buy my own anyway

I wonder if the stewards pay for their wives lunch each race meeting I'm sure they don't.
If the trainers go on their own it will be cheap as they will be driving back and so the booze bill will go down.
Bet less than 50% will attend.

GOLD CIRCLE PRESS RELEASE
13 MARCH 2009

Gold Circle has completed its independent assessment of the financial sustainability of the company in going forward.

It is necessary for the directors to reiterate their previous statement, that neither the CEO of the company, Mr Michel Nairac, nor any other of Gold Circle’s senior executives were suspected or stand accused of any fraudulent activities.

Gold Circle’s Board of Directors sincerely regrets any negative inferences which may have arisen in relation to Mr Nairac from the instigation of the aforesaid assessment.

Notwithstanding the above, Mr Nairac has decided to tender his resignation.

Gold Circle wishes him well in the future and looks forward to maintaining both cordial and business relations with him.

END

Not nice for Mr Nairac - It must be quite a hard pill to swallow whether through inference or otherwise. I dont think too many would want their job back if this had happened to them.

Lets hope that there is a positive light ahead for GC. I am still not convinced that the Gauteng invasion will be the best thing for SA racing as a whole.

Mr Nairac has decided to tender his resignation

I wonder how much the Clairwood property is worth. Must be a major target for any property development company.

Commercial property development only I'm sure.

Well done GC - they issue
a press release saying that they have completed their independent investigation into the financial sustainability of the company - BUT THEN FAIL TO TELL WHAT WAS THE RESULT OF THAT INVESTIGATION.
As a GC member I would like to know whether or not the company is financially sound or not - I'm not really interested in Nairac or any of the other stooges that work for the company!
I also checked on their website - there is not a word about this investigation.

how you errol your filly won well the other day, saw you getting takeaways at nandos near our old school the other day..communication never been the circles strength

THanks P - was a nice win after all the problems that we have had with the filly. Provided she stays sound during the season we are hoping for a few more!