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FIra, After the expected AIM shenanigans post-CAI distribution diminish over the next few weeks, coupled with news from KRS and CAÍ, I anticípate serious upward momentum on both of them.
@ fira He made a point that just cos they win arbitration he wont count as a win until its in the bank and reference to them being able to pay, so legal would have no different outcome.
JP’s gonna be excoriated by DVH et al. At the next shareholders’ meeting - I just hope that by then he will have resolved his self-made clangers.
There is no access fee, thats dj's twaddle.
DVH maybe this is turning point for JP - end of the day no amount of ramp is going to make the SP go up or down. Clothes are out on the line now. No more hiding behind sound bites. Everything sounds a bit more realistic even the fact that arbitration may amount to nothing.
Fira, many of us were duped by the BoD 'promises' of great wealth ('tsunami of cash', 'juggernaut' etc etc) but we have nobody to blame but ourselves for our investment here. AIM is a jungle and the sml BoD have proved themselves very proficient in attracting investors with their fantastic plans for the future. JP was even telling me how confident he was in June that we would be trading at 2.5p+ by the time of the next AGM in 12 months time (knowing of a placing at 1.4p the following week!!). I believed him! What a mug lol
Trout, Indeed - however, at least we have some clarity.
I’m still confident - and, as I’ve said before, my holding is for the long term.
@Trout, Agreed.
I do think a lot of it is peoples expectation, I am quite relaxed and patient, I wanted more but truth is we now know where we are and people can make their own decisions -informed ones.
If this had been a running successful operation we would have paid well in excess of 5x what we did, and we can hope for news on the front JP is good at, structuring a partnership/upfront off take agreement.
My last point is JP cannot still buy in...
Trout,it is this very BOD that set themselves up for this reaction after their, Juggernaut. tsunami and imminent references pumping it like there was no tomorrow. Now in reality we are where we are and a lot of people are well underwater and are entitled to blow of steam here.
Anyone else think that the same people that were clamouring for an RNS are the same ones slating it, it's almost like they needed something to use against the Company.
I would rather the Company took their time and got things right, than went full on into a nightmare where problems start to appear as production ramps up.
Dan brown 83 don't worries I am 84% down if that makes you happy your not on your own I borrowed money on my house to buy this share
Dan, the only 'winners' here are the BoD and those lths who bought a few years ago at sub 0.5p...
With Cobre issues / LC delays and issues
The cash generation side of the business is why i originally invested, thinking that decent secure revenue (major cobre contract) would only allow a steady growth, BOD seemed willing to grow at a slow and steady rate and add decent investments - but here we are - i just got to hold and hope that 2020 can be a turnaround year (over 70% down here now)
Well, we knew there were problems at Leigh Creek and here they are now confirmed. No tsunami of cash next year, more funds required to get to full production and major delays from the original timescales. More payments due to NAE next year, delays in Redmoor development (?) and not particularly hopeful of a positive outcome from arbitration, as it seems the major cobre client is strapped for cash irrespective of a positive outcome to proceedings. Another placing (heaven knows at what price!) now a realistic possibility next year and now JP states that 0.6p is a bargain price (it was 1p a couple of months ago!). The only thing that remains constant is the obscene remuneration heading into the bank accounts of the BoD as 'loyal' shareholders continue to see a depreciation of their shareholding (1.8p less than 6 months ago). Disappointing to say the least....