Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
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that's what I'm hanging onto Bakky... the problem is that what we think we know is based on the information recieved from the same incompetent people that have us where we are today and that makes me nervous...
bottom line is this is still a profitable business we think/hope. It's not going bust is it? Hopefully hear this week. It wouldn't bother me one jot if the two head honchos were offloaded either!
The board's interests are completely aligned with shareholders. Look at Guy Elliott's 20,750,000 shares etc etc.
https://mmx.co/investors/major-shareholders
Well if there's a leak Scotty, its not a good one. The larger sales of 500K may be US based given the timing of their sales, but that's pure speculation. All we can do it wait and see what the outcome here is - or sell - with varying levels of loss depending on when we all bought. 4p is better than 2p, the same as 6p was better than 4p. It will be very difficult for the management team to remain in place with any credibility here imo - any talk of creating shareholder value has simply been PR - the reality is shareholder value has been significantly diminished in recent years. SB
It's funny how Toby and co shout out about their accompishments in every single interview; yet, share price keeps falling under their tenure.
There always appears to be some kind of leak of info or someone in the know that generates some activity before official news. What worries me is that there are steady sells going through. Im not saying massive volume but someone just dumped another 500k of shares. I am starting to hope we are not about to lose our shirts on this one. Its definitley starting to look like the normal aim play of rinsing Shareholders whilst loading pockets on salaries etc... cant deny this is starting to worry me.. and Im wondering if TH really is as honest as we all thought... Im sincerly hoping i'm wrong..
I doubt they give a s**t, 007. Their interests are hardly aligned with shareholders and their pay will hardly be affected by this.
Perhaps 007 - but we are all guessing as to what is happening given the communication lockdown - and at this point in time we can only go with what was communicated in the RNS. But I don't disagree the longer this takes the higher the possibility there are wider issues than just the $1m accounting issue - be that revenue or management related. Meanwhile back to our 10 year lows.....SB
The longer it takes for the board to clear the air, the longer the odds of there being only one contract accounting issue.
back to where it was Sept 2019.. Hopefully it will stabilise a bit now. News next week methinks!