Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I preferred it when the shares were suspended.
Strange I thought there would be a few posts disagreeing with me. Obviously everyone else thinks it's a bag of **** .
MrChow I am only back in by mistake, having left a buy order that I forgot to cancel, and having totally sold out previously at 15p & 13.6p. So my small holding is worth that little now I might as well let it run and see if Gati the Magnificent (cough, splutter) can salvage something from the ashes of this appalling excuse for a company. This company was set up with apparent leaders and experts in their field yet have done nothing but crush shareholder value and be found wanting at every stage and now the new CEO has shown himself to be no different. He has a big job to turn that around as currently he barely has a business here.
Levis if there is no value to be added why haven’t you sold out?
geordielandlord indeed, complete and utter shambles. Little value to be had here now that Gati has proven he is no better than the previous eejit in charge.
Lets be honest why would anyone buy here now.
What a shambles....
That’s my take on it wasarunner
Well one would hope so wasarunner or we will have been bent over even more. The upshot is from all this is we barely have a business.
Is that definitely the case? It might be reasonable that for production completed at a point where Pembridge owned 33% then 33% of production is attributable up to the change? And that it is forward production which has been sacrificed to exit the debt provisions?
Given we now only own one ninth of Minto due to managements sterling performance, any figures are hardly going to make a difference whether it be production or exploration.
Wonder if we will get figures for the last quarter this week?
Rns'd not emailed.
No shame these ****ers. A lot of peoples averages are around 30p in old money and now we are a touch above 3p yet we have a previous CEO that has taken nearly a million pounds out of the company in remuneration and golden handshake and this one who thought it right to pay himself at the same level even though shareholders have had the value of their holdings decimated. And today he has emailed his actions like he is doing us all a big favour. Laughable.
Lse going nuts again price showing 12.50
If only ha.
Unless I've just woke from a coma ha
Seems he has got blocks on his email too, probably has received plenty of abuse over the last few days. Well he was about to get some more but it bounced back. My blood is boiling.
there's a glitch with the messages.
I have (sadly) taken a 50% income/day reduction on my dayjob starting in April so in a similar boat to Gati. However and also sadly my dayrate is much lower than his! Well lets see what a £180k salary can make for a £2.5m mcap company. Lets see some growth ahead.
Well my last post got deleted for some reason so abridged version. Snouts in the trough. An absolute disgrace of a company and no wonder Linsley left this company with no money but still got a golden handshake. Meanwhile shareholders have suffered all along.
Snouts in the trough. So Linsley was paying himself £360k a year for abject failure and then got a nice golden handshake, and to make himself sound better Gati said he just carried on with the same salary, and yes even £180k is big for such a small cap company. Is there any wonder Linsley left this company without a pot to p*ss in and now the company is unable to make good on its commitments. All the while shareholders have suffered while these have been getting rich. Absolute and utter disgrace.
As owning circa 30% of co though he is kind of paying himself his own salary from his own proceeds.
I didn't realise his investment was in £ 4m (in sterling, I had maybe assumed canadian $). So more than the current mcap, is that correct?
That is some hefty salary.. I had no idea. Even £180k is heavy for a £2m cap company