The dire sp is only part of it though Sooz, and we have to accept that the market is currently frowning on iron ore, which of course we should do. However, we are simply not kept in the loop enough by the Company, in my view. Regular udates on the current position with regards our EIS application would be apt, yet are not forthcoming, which isn't really helpful, considering the time our application is taking. If it's due to the change in mineral policy, then fair enough, but why not say so. The buoyant newsflow of a few years back has stopped. Clive needs to find that spark again now, or we'll just bob about at lowly levels for the foreseeable future, "Orphan Period" or not.
The deposit itself seems outstanding, but treating shareholders with a bit more respect wouldn't go amiss. It's about building our confidence, and alerting potential investors to the share. Market conditions aside, the lack of better newsflow is helping keep this suppressed Sooz. Clive did also promise upside from newsflow when he sorted the Lanstead deal, but news has been scarce and not particularly exciting, hence the further drift down under the bearish conditions.
I just think more could be done via news, while we await the Licence decision. A positive outcome should propel the sp, yes, but we are now almost starting again in terms of our sp, from probably the lowest level we've ever seen.
Support Clive and the Company, by all means, but they have to return the compliment. It is here where I feel they still have much to learn. Director buys?
Just my view, and you know I've been here for over four years, with what is now a very high average.
I think all long termers on here understand there will be twists and turns along the way, but I don't remember anyone confidently predicting we would be at under 3p just weeks away from granting the exploitation license, having jumped several hurdles successfully since we were drifting along at over 10p. I remember the end of year prediction games from 2 and 3 years ago. Embarrassing. Any BOD must accept that the SP is the acid test which judges their efficacy.
Good for you...you traded at a profit. But trading and investing are different things, if you were still holding BAO, I presume you would be calling for the BOD to resign. The management are being criticised here because of the sp....but how fair is that? BAO whose sp trajectory has remained fairly similar to ours is now close to a 3 yr low. My take on it is that the market has fallen out of love with iron ore because the price is low. That doesn't bother me much at the moment because 'our mine' is five years ahead. The BOD... have a broad range of expertise & experience in the mining business and the delay in getting the licence is the reason the sp is so low. I like them and I trust them, so far. We wont know if they are buying into this open offer or not until it is too late. This is scary for us but we were always going to be here when we decided to hold.. GLA
Hi. Thanks for your question re BAO. I sold at a whisker over 30p, a few days after it peaked at 34p. so a nice quick profit. That's the good news. The bad news is I put the bulk of the proceeds in here over a 3 month period at between 7p and 10p. Ho hum...
Sooz, re the "open offer". I believe you've put yours in, fair enough. Have you thought that if we don't accept it overall though, that Clive and the BOD may then realise that we can't be taken for granted? I haven't submitted my instruction yet, and if the sp does drop further, then I won't be too happy. I hope it goes back up within the next day or two, then I'll take up the offer. I just don't want to feel like I'm having the pee taken out of me Sooz, as, if the sp drops or stays at this level, it will in actual fact mean that I've lost more money on my existing holding and also paid over the odds for my so-called "offer" shares, so I'd be immediately out of pocket with those new ones straight away as well. Bah!
I don't think that's acceptable, particularly in the absence of Clive buying. I want him to buy in now Sooz, it's really getting to me.
Grrr. Hulk mad.
Just to add. I don't think the PI share allocation will be taken up unless Clive either buys, brings out uplifting news before the vote on the offer, or both. As someone has mentioned, is this offer just a token gesture, nothing more? Only because the discount is utter crap. I don't think Clive gives a toss whether we take it up or not, that's why he only allowed it to be at 3p and at a rubbish ratio of 1:21. Something doesn't seem quite right.
Fed up tonight, I really am. Don't know what to make of it really. I love the iron, but the management constantly leaves much to be desired. How the hell did this gang of fools manage to get hold of such an asset.? Must have been pure luck.
Anyway, enough now. Going off to sit in my floatation tank for a while, to dream of rooftop runs with my trusty crow.
"Jokkmokk municipality conducts 2014-09 - 2015-07 feasibility study "Growth Jokkmokk". The feasibility study will provide data for both ordinary municipal planning and business planning in respect of the exploration work conducted in Kallak about a possible mining establishment. The analysis should describe how such an establishment could affect society in many respects, if a mine is established."
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