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Pictsloup
How much did they pay you to write such illogical and inconsistent waffle?
I’m happy to cut my nose off if it means the BOD get their snouts cut off too.
Not a fortune for me.
But I voted No for so many more reasons.
OR
Why did you not just sell up at 5.5p and not even bother voteing , i cannot see why you voted yes when you should have just took the money and walked away .somebody please explain this to me ?
I voted yes. Seems a reasonable offer, significant premium on the previous price. Apparently nobody else wants to offer more.
We made a bad investment decision and lost money. It happens.
It would be ridiculous for the government to intervene here - AAL is prepared to take on the mine, so why on earth should the taxpayer bale out private investors who made a bad choice?
I'd be pleased if Odey manages to extract another 1.5p from AAL as that would reduce my losses by £3000, but if their hyena tactics mean we go into administration then I'd lose £11k.
I really don't believe there are any other scenarios - 5.5p, 7p, or nowt. There are clearly people who believe that pigs fly, or governments care about PIs who made duff decisions, or in the compensation culture, but, on the whole, no.
Chris Fraser did quite well getting planning permission etc but wasn't up to the task of completing the job. He didn't steal from us, it wasn't a conspiracy, he wasn't in bed with AAL or the other Australians, he just wasn't as good as he thought he was.
It's all very sad and some people, including me, have lost a lot of money, but nobody but a fool would have invested more than a small proportion of their portfolio in such an obviously risky mining venture.
Tex,
I'm not asking the Times to print it. And I'm aware that my analysis is an over simplification - I acknowledged that there aren't even 85k Pi's anymore. So I agree it's ridiculous to say PI's could raise 1 billion quid ($1.3bn).
But we don't need 1.3Bn, we need 600M and I'm fairly sure PI's wouldn't need to raise all of that. It could be raised in consort with II's.. Sirius have access to the shareholder list and could've contacted all PI's to run the same kind of survey that a small handful of Pi's are trying to do on a shoestring.
But they never bothered their arze, Why is that? Instead they arrogantly proclaimed there was no appetite in their expert opinion. Surely they should've tried when the alternative, we're told, is 5.5p or administration.
That's why people are livid at Fraser et al. Quite rightly so - and he still doesn't get it, blaming Brexit, fertilizer market, general markets (which seem to be booming by the way) and people on internet chatrooms in sweatpants. Uou couldn't make it up. The arrogance of the man.
LTV, sorry but that’s ridiculous. People who wouldn’t pledge won’t take the survey you can’t take the current average and multiply it by 85k.
At least give some credibility content to the Times. If that is printed it will look farcical to anyone reading it.
1448 surveyed average pledge 12,645 = 18.3M quid
Just imagine if the BOD had pitched this to PI's when there were still 85,000 of us. That could've raised over a billion quid at 12645 a head
And there's no PI appetite according to JPM and Fraser.
Pull the other one