We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
MM
Couldn't disagree more.
You are living in the VERY Past.
The derampers 101 book of quotes to use would read , "gravy train","jam tomorrow" ,"industrial levels" and your personal favourite "confetti".
Think about that for a minute.
SP - "I literally was prepared to lose the lot, than let things carry on, it was necessary to get RGM to change, and put a stop to the status quo."
That status quo being Bell's long established MO of constantly diluting shareholders to raise cash which then gets exposed to preposterous levels of expenditure on admin and other expenses, i.e. running the company as a lifestyle venture.
And the proposed solution to this is to issue industrial levels of shares, mass dilution in order to wipe out former shareholders, reset the clock and start the entire process all over again?!! lol
Sorry but all I see is the same status quo, it's just that a different person or set of people are perpetrating that status quo.
The mining cycles had nothing to do with the catastrophes that have played out here and at RRR. The SP devastation was a result of repeated dilution, the gravy train of ramping "jam tomorrow" possibilities in order to then get placings away to raise cash to then expend on expenses and other things that add zero shareholder value.
You're clearly well down on your investment and need to find ways to recover. Ousting Bell is of no merit whatsoever if in his place you are simply going to continue the industrial levels of dilution. This remains for me a dead horse that people are still trying desperately to flog. The latest ramp attempt has clearly failed imo. Nothing has really changed. It's still just hot air, forward looking rhetoric and gazillions of shares to be issued. Mugpunters still required to take those worthless bits of paper off placees at silly prices. GL to you but this isn't the way imo.
"I wouldn't be at all surprised if before consolidation day Stephens total purchase since his introduction to RGM a couple of years ago exceeds the overall wealth of RGM itself.Good for him if he does ,RGM may have meet their match cos normally they either exit slowly ,slowly or show their hand/distrust of Bell and then find themselves engineeringly diluted out of the equation .Stephens doing the complete opposite to what every other major shareholder has done in the past and its going to be interesting to see if this strategy works.
It should do eventually cos as we all know commodities have a cycle and with Mambare and a clever shipping DNi plan of sorts its easy to see how one day this could multi bag for everyone.Everything rests on the speed in which the team can get Mambare prepared and ready for this eventuality , how far away we are from the commodity cycle itself and how much more dilution there will be while we all wait for it."
That's exactly it!
Quite a few have asked over recent months, why I kept on increasing. My answer always the same, cos I refused to drift off into the graveyard of ex holders with a sore arse. And I wanted to use the only power I had, my shareholding. I voted down the authorities to issue shares at the AGM, knowing that it would cause a period of pain, I literally was prepared to lose the lot, than let things carry on, it was necessary to get RGM to change, and put a stop to the status quo.
I feel RGM is at that point right now