Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
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SB, yup ,agree with every word, I am hideously over invested in MMX, combination of getting buy price down and anticipating a sale at the end of the review. I have broken all the investor rules, thought I would pay dearly, maybe not now.................. atb to all......Huckster
Thanks for your thought Hucks - yes this has been weighing me down of late. I'm sure i'm not the only one - but i have amassed far too many shares over the years tbh - and i'm heavily underwater. The problem with situations like this is the fear that the whole business has been so negligent that its viability is at risk - and with it our investments. So todays announcement and actions, SJL's input yesterday (which I feel may be more than just a coincidence!) have improved our outlook considerably. I expected the tender offer to be withdrawn - the next few months are about putting in place the right management team to move the business forward, close out the year with hopefully a decent H2, look at our overheads and determine what the business needs going forward, possibly see SJL or others actively building stakes, communicating a clear and transparent plan for a simple business, improve governance, and use basic accounting principles for revenue treatment - all looking to rebuild confidence that has been missing for so long. ATB to all those who contribute to this board - I hope this is a turning point. SB
My main concern now is have they been shown the door or only resigned from the BoD?
BoD resignation means some reduction in costs but little and there will still be 2 people on the payroll known to be less than careful.
This is a concern. Until out the door this will still have zombies hanging about.
Got up late missed all the fun.......Well Well....................I think Toby and co were trying to make the sales figures look better than they actually were thinking this would look good and boost his and the companies fortunes.......how wrong can you be......I am surprised Toby would go along with this type of ruse he seemed straight, we just want an open clean honest little company that can be respected and acquired. Hope SB is feeling better, this has got you down mate, should see some bounce back esp when a new CEO is appointed. Leadership is so important it lights the way for everyone else, hopefully the new CEO will recognize the need to cut out hangers on and reduce overheads, If Toby had reduced staffing and cut costs instead of fiddling the sales figures he would have achieved so much more, the company would be in a much better position ,hey ho we move on, much needed cleansing rns.....Huckster