Still alive but £10m - £12m writedown! Share consolidation and reorganisation to follow. Asset base at Kabwe to thank for our continued existence. C'mon Hunan, bung us £90m for it and put us out of our misery!
I haven't felt an EGM here was necessary, but only because we appointed a new Chairman, who has needed time to settle and sort out the anomaly he immediately discovered. Had MA have been Chairman now, with no production, then I would have been inclined to agree that an EGM was necessary. As such, my thoughts were and still are, hold off on an EGM and let the new guy do his job, allow him to put the house in order. Of course, we need AB to show us via news that he is taking BMR forward, not just sorting out the accounts, and that his RNS news isn't more of the same flannel we endured under MA. Next news is therefore important.
I have explained to Laffer my reasons for not joining BMR Watch, which I think are fair. I don't have any motives Rofe, I represent myself. I admit that I was taken in, if you want to call it that, by MA and the promise of production, by the RNS news. I would say that I wasn't alone in that. It now seems we have definitely been led around the houses by MA. Obviously, following ZEMA approval, I really thought we'd cracked it, and if not sold, that we'd begin producing in some capacity. That still hasn't occurred, so I'm very disappointed. All shareholders must be fed up with the situation following the approval. The situation now.
You did say in November that you'd consider getting in here if things improved, by way of satisfactory answers, perhaps a published strategy? If you aren't currently invested though, then I don't see why you are bothering to post. I don't see the point to it Rofe. I am invested, that's why I post.
Just to add. I don't think anyone invested minds a critical eye, as long as any such criticism is backed up by reasoning. A constant volley of negativity from someone who isn't invested though, surely appears bizarre to most shareholders, don't you think? Why do such a thing? Hence the reaction you receive from many on the bb. Your behaviour warrants it, and it's a pity, because I'm sure you could be reasonable if you wanted to be.
I don't mind anyone having a go at me, my posts, just as long as they have their facts straight about my character. For the record, I am generally an optimist, I am not paid by anyone to post, I represent only myself, with my own money invested. I have tried to help people on here, no ulterior motives behind that. Perhaps some people can't comprehend such a person would exist. Well, they do.
I have no idea what will happen with this share, I have said as much, but I do know that it's time we had an update. It would be refreshing to talk about Company news, as it seems so long ago since we did just that.
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