Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Klueloss. Tick
Juicy. Maybe M.L has placed his hands on Bozzers head, yelled “God has saved you” then whispered in his ear “for the small matter of $800,000” AAAAAAAMMMMMMEEEEEEEEEEEN, BROTHER That’s as viable a theory as I can come up with! Perhaps Jezzer will see his own light and trundle into Walthamstow on his mobility scooter and Waco the f*** out of his “church” and followers (at 4 miles per hour) before turning the gun on himself and blamming his brains out through the back of his head. Or something.
Vig. Re: your rallying call for hope? When you’ve notched up nearly ten years in this open prison, then you can judge our emotions/behaviours. You will be there soon enough, We are going nowhere fast. Perhaps you and I can have a combined 30th and 21st anniversary wake :)
Eric. Spot-on 23.24 post. I’m also off to buy some shoe-custard - with extra skin. Lush
Unfortunately we’ve had nearly a decade of him offering up fantastical theories none of which have ever materialised, so I’m sure whatever his latest ramblings are they will fizzle out in the next few weeks/months. The reality is we are where we are as a result of a series of unfortunate events and incompetent leaders supported by cheerleaders (me included in the past) who have helped propogate untruths and allow theories to catch hold across the private investor communities such as LSE and iii (population, 1) as facts. Whilst all the time diluting our value to the point where, should we ever make any actual progress, our true worth will be unfulfilled. Here’s to another decade, pmsl
As BMR relinquish a greater % of profits you'll continue to say big deal as well. Nothing will ever be deemed bad news just another opportunity for you to exercise the mental gymnastics it takes to contort every update as not that bad and reason to celebrate. If you're reading updates and saying to yourself 'it could be worse' it's hardly a reason to be content.
Juicy - I'm the same and that is why we shouldn't believe anything in any of the RNS releases over the last few years. It's often what is not said in them that is the real story as Alex feels compelled to leave out important information. If BS services have been paid for to try and change the dates given by the ZEMA/cadastre/minister of mines then its a good bet that the stipulated dates are a stretch too far for JLP or they wish to make changes that make it too tight to definitely get it built and producing on time. Some on here stated we shouldn't get too fixed in the dates because they can be negotiated, to me the fact the licence was revoked and reinstated with conditions was evidently because BMR and AB/JH were on their last chance because they can't be trusted so would it be easy to change those stipulated dates? Now we find out that to change those dates we have to pay a ransom.
Bingo.
Really struggling to reconcile "I asked him who are BS and what have/will they do to deserve $800k. He confirmed that it is run by Michael Lamaswala. He has high level contacts within the Mining Ministry and the President's office. His Father owns a mining company called First Quantum. Basically they helped us get the licence back and will also assist in changing licence conditions, such as revising the dates." with previous RNS announcements, which were to the effect that BMR had done all that was necessary in relation to the licence and that rescinding this had been a simple error by the ZG which would easily be resolved. $800K to a friend of a friend to return a licence that was cancelled in error would make a nonsense of that.
Yes, I saw Rosie's post right after I did mine. I can't comment on the other areas of JLP's business, only that the BMR connection has so far been a shambles for them. Borrelli should have told all investors about Blue Square though matey, as soon as it looked like they'd be working with us. Additionally, the enormous fee simply has not been explained away adequately. That's possibly because I very much doubt such a fee can at all be justified. It's our money, we mustn't forget that, and Alex again has behaved irresponsibly here. He'll also tell you a load of *******s over the phone, in his capacity as a professional twat. In my view.
It's certainly not all down to BMR. JLP have their own issues, probably not as bad as ours though. Don't worry, AB is doing his utmost to fight these issues though.
Got to love all the twists and turns we have here, why else would we be invested? Lol Just got to believe that things will come good in the end. A bit of extra pain, for an enormous gain. Mmm, custard.
Interesting theories. I'm sure all will be revealed in a couple of weeks. I mentioned to him recently that I feel JLP already have enough. If they are going to get a bigger slice then it'll happen, nothing us little investors can do about it I suppose. Although my thoughts are if the 3 investors fully commit to the share subscription at 3p and 5p, they will have quite a large holding between them, and suspect they will use that to their advantage. Anyway, AB seems confident and adamant that we will remain with 60% of profits once the plant has been built. I can't see any reason for that to change.
JLP are down because they have an association with BMR and we've had our licence debacle. Terrible due diligence from them really, but Alex's Cuban heels are coated in custard. We must remember that. Slippery.
Pmsl. True that. Thankfully then, I can have my stroke and feel spiffing.
3card, choose to believe what you want. I'm sure my credibility might be restored with you when certain things I have posted come to light. All the best.
Bring, as you know I have on more than one occasion expressed some scepticism about your hot line to our great leader. I'm sorry to say that following your latest "phone call", I am now fully convinced that on the phone call episodes, you are a fraud. Which is a pity because some of your posts are thought provoking and useful. Sorry but you've lost a lot of credibility with me. Not sure that that will upset you too much though. 3card
lol Thank your lucky stars we live in the UK. At least you won't have to pay for meds :)
Cheers for the reply VIG. Hats off for skilfully interpreting what is unsaid in a conversation more effectively than what actually comes out of his mouth! Quite a talent there. A talent that totally flies in the face of your description of yourself as a "demanding critic" I have to say. Christ on a bike...
Agreed re JLP's SP. There are problems at DCM, Hernic, Tjate and Kabwe. The difference between JLP and BMR is that problems are met and dealt with head on. They aren't swept under the table, official documents are not left unopened. JLP have a history of underperformance, another problem that is being dealt with head on. Performance , growth and professionalism are key matters nowadays though there is a long way to go before PIs and the market trust them.
I may have made over 3000 insane posts, but at least 90% of it isn't rubbish lol. You might not like ponzerelli, but it's not like Leon or Colin are doing a very good job over at JLP. Over 30% down in recent months isn't very compelling.
Still very relevant
Bring - we agree on one thing - 6 months on and we're still up in the air probably approaching the stratosphere in fact. No, I have passed the bitterness phase I am almost sanguine now. Re Ponzirelli you can put lipstick on a pig.........you guessed it......it's still a pig! This company has sadly been unable to secure the services of a CEO of merit to exploit the rich asset but perhaps Leon can be that man. Yet to convinced to be fair but if all goes Pete Tong with BMR he may get an opportunity. I am not one for 3000 posts of inane rubbish so will look in in 3 weeks time and if long term it does turnaround don't misunderstand me, I will be quite content to add to my pile if you get my drift.
Bandit1, it's a good job you don't post very often. How wrong could you be. I've made much better and more meaningful contributions than you have here. I didn't vigorously defend AB. I said it would be a bad idea to remove him back then as things we're still up in the air, and they still are. You're obviously very bitter that your are sat on a loss here. It's a shame you can't see the potential, but I'm sure it'll smack you in the face when it happens. I hope you get your money back here, at least it'll mean me making a fortune.
Sorry, that was in March 2018, though it was today