Michael - selling up is the one thing that interests me more, as I fear a JV will simply be put together to suit the BoD and their own future positions rather than primarily focusing on really realising value for shareholders. And I'm afraid that there are plenty of LTHs here that will need one almighty spike to get some value back on their shares.
skoda - fully agree with the first few bits. What pains me here is the endless dilutions, thanks Sally et al, and what has quite clearly been a lack of urgency from the BoD. None of them are shareholders so they simply take salaries, issue more shares, take more time, take more salaries, issue more shares etc. There is no incentive whatsoever for the BoD to realise shareholder value and they've shown that over the years. As I mentioned earlier, I think there is a pot at the end of the rainbow for us PIs, but it's whether this BoD will ever get us there, or really care. All elements of the project programme over the years have run consecutively with no real worry about running any concurrently to realise the asset quicker, because ultimately the longer it goes on the more the BoD gets paid. Sounds like a rant again from me but I've been here too long. GLA.
do people expect the BoD to RNS? They are keeping us informed of were we are atm. Would people prefer a billy bull**** RNS to suck in mugs so they can sell out fast?
Either you believe that the BoD is working toward bringing edl to fruition and you invest, or you believe it is a Ponzi and the BoD are just milking a salary and you don't.
Despite the BoD not being on a buying spree I would suggest though that if it was a Ponzi they would have been much more pro-active in the past with upbeat RNS etc.
IMO unlike some other mining companies edl have gone about their business in possibly the quickest way to achieve the end goal at least cost, this as however not been the sexiest or most glamorous route and as a result the sp and shareholders have suffered.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.