Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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That's a MD being positive about his company..
Trout,
You think you have mastered the meaning of “deramping”, so what would you call a “tsunami of cash” or a “juggernaut”.
Trout, your just talking utter rubbish. I post for myself only. I have no link to any other poster on any board. I speak what I feel to be things as they stand, good or bad, nothing more. I would have thought it easy for you to trace my previous user name and (how many posters use their own name, not many) as I was speaking to the same people with my old name and new one. You will only see the same type of posting and you know when I started posting on my user name, so it shouldn't be that hard to find. You're obsessed with my previous name for what ever reason, which I neither understand nor care. I'm part of a crew am i, what are we called, never been in one before, do I get a leather jacket with a logo on it and a bandana.
You're so insulting to other posters and so wrong. Well done ;-)
Anyway, got to go, me, Fira and Toze are off out with the gang to the pub. Keep posting this unfounded nonsense it made me chuckle reading it.
Redmoor,
Not sure I was trying to give a definition of naive, as you say you can look it up in a dictionary and while you are there try to understand what you read and not what you think you read. Where have I said the person who posted the email was naive??? That is why those examples don't relate to the content of the email....
I also did not suggest that the poster of the email was trying to drive the price down....I suggested the posters who kept bringing it up and the mid August date were trying to drive the price down, the likes of you, Fira, Toze, etc...The deramping crew, those that have sold to try and buy back later but hang around on the BBs adding their morbid comments at every opportunity.
Finally you show how naive you are.....There, I called you it....'What happens if JP answers someone's email and it is good news and the poster doesn't post it and the SP continues to drop' (you had to get that in), well first what could JP say to one shareholder without contravening market regulations on information dissemination? Second if it was that positive the said poster could be exchanging inside information and third if it wasn't that sensitive then why would it be good welcome news? Surely everyone would have to dress it up to make it positive again (which is where we started).
You arrived on this BB recently (having you say posted before on this BB but you won't say under what username), you started a run in with another poster (again seemingly misreading what he posted) and now you seem to be trying that again.
To me you are just a deramper, as such I hold you in low regard.....
Suppose it depends on your definition of bad news, worst I expect is that everything is on hold other than LC.
I dont expect an announcement of anything worse. Potentially good news could be a jv or client update.
And your right if anyone in an aim company doesn't expect peaks and troughs even more so in the mining sector than they are the complete definition of naive.
As jp said when he has something concrete he will RNS it.
Trout. Thanks for your numerous descriptions of naive. I do have a dictionary.
I can see little in your definitions that would relate to the content of the email. I took the email as a guide, nothing more, I assume the posters of it are still invested and have done the same. Personally, I'm not expecting good news and if any holder, in any aim company, didn't expect hiccups in any of their shares they need to sell up now. Who are the posters asking for information every week? Pi's are looking for information because we haven't been given any information for many months! In a time of being in a share where we live in an information black hole I feel we need an RNS especially on LCCM now. Sure there were naive people who took the content of the email literally mid August and sold hence the bigger the usual drop on that day, they are naive in doing so. Suggesting the intent of the posters of the email were trying to drive the SP down is supposition and is just pure tosh (in my opinion only). In case you haven't noticed the SP has dropped around 50% over the last few months, most of the drop happening before mid August. All you've done is upset posters who (again in my opinion) had nothing more than good intent. If you feel they\me are naive that's fine. I've been called a lot worse and didn't give a toss then either. What happens if JP answers questions from other posters and because of what you've called them, decide not to post. Say it would have been good welcome news to us but they sat back and did nothing whilst the SP continued to drop. I guess when you found out they had useful information which wasn't posted, they would be naive for not posting it and trying to get in at a lower price to boot.
Morning Fira, hope you are making progress with your list of 'chores'. I'm enjoying lazing in the sunshine contemplating whether to have a beer before or after a dip in the pool. Tough choices...
Redmoor,
Naive in as much as to keep demanding more information, taking that information to the nth degree and then not liking the reality when it comes.
Naive in thinking that some here are talking their book.
Naive in thinking everything is always positive and that there are no hiccups on the way.
Naive in thinking they know better than those in charge on what should be done and why things have been done the way they were.
Naive in thinking because they are a shareholder they have the right to up to date information every week, sometimes before the information is even there.
Naive in thinking the posters bringing up the strategic review aren't actually just trying to work the price down further before they buy back.
Maybe the discussion will move on when we get an RNS later this week with updated development plans for Remoor and LCCM. Nice to see another blue day. Is this the start of a recovery in the share price? Looking forward to seeing 1p again...
I do think the sharing of emails are ok, almost expected in some cases.
Until sentiment changes I dont think JP should or possibly will respond to further emails, its not in his interest, if he has something useful/concrete then RNS it.
Trout, if I had your email, knew you well and told you something sensitive which you passed onto someone else obviously I would be miffed. The posters who emailed JP "the CEO of SML" and got a reply felt they should let everyone know what was said. There was no malicious intent on posting the information. i would have done the same. You have your opinion about them being naive which I think is harsh. If JP did things the correct way they wouldn't have had to contact him at all.
The BOD are elected and re-elected by shareholders to be the custodians of the company for the shareholders - let's not forget that!
Don't discount the fact that some of these shareholders you are calling naive, sold in the 1p++ region when the recent period of radio silence - the price now is 0.85p and lots like me continue to hold waiting for an update on our future plans!! i do question who were the naive ones and who were the clever ones?? I certainly don't feel very clever just now for holding and adding whilst riding out the storm!
I think it is always good manners not to share private emails (at least asking for permission to do so beforehand). To assume, because it wasn't said not to share, doesn't mean it is the right thing to do.
I think there were/are some rather naive shareholders here and their actions have contributed to the ups and downs of the moods here.
If I was JP I wouldn't communicate unless absolutely necessary now, and the shareholders have lost a real benefit we had of access to Management. It is why most other BoD's are so tight lipped, shareholders take everything and manipulate it for their own view and when that doesn't happen then they blame the Management, if the Management then stop communicating as much shareholders blame them again.....
MK - i received virtually the same email and shared it also at the time and i will do so again, JP isn't stupid he relies because it is a good way to get information out to shareholders, nothing was market sensitive or hadn't already been stated elsewhere or implied.
You acted perfectly normally in my book as have i.
regards
BS15
Fira - another Freudian slip?
No redmoor I wasnt told to keep it to myself but I just cant believe how people have taken the information. Personally I was quite happy to hear they are doing a full review and not just pushing on blindly.
Mk. I would have done exactly the same as you with the email you got. The question 's I asked JP the last time I emailed him. if I got a reply, I would have posted it for the same reason you did, it gave us all at least a little bit of information. I assume JP didn't instruct you to keep it to yourself so no foul on your part. I wasn't having a go at you, if that is how you took it I apologise unreservedly
Blacksheep, IMO it should be done through an RNS
Thought It would calm some nerves, wont happen again
Slurm - you are entitled to your view, I however believe the BOD have a duty to inform their shareholders, particularly when a 50% sp reduction has occurred. When times are tough, that is when good leaders stand up and be counted!
To be fair based on peoples comments from your email Mk I would not blame JP for never responding to a shareholders email - I'm not blaming you or your motives.
Perhaps that's why he hasn't responded, if he does read this forum from time to time as he says.
Dont see why people cant just wait rather than emailing him. He's blamed for making comments about $4mil coming, popular opinion says he should not have said anything until paid and then people email him for more comments......
He was very clear in that email about updating us when he has something concrete.
My rant over. ...
I don't normally post private emails but decided to as I thought it would give current holders the satisfaction that they are not just sitting on their derriere's but are infact reviewing the best way to extract best shareholder value going forward. Whilst I dont believe a holders post can influence the sp, I do think people have used this information negatively in order to sell big holdings to buy back cheaper as that is what will cause the dip in sp IMO
Fira, knokke's re-post of MK's email today 12.26 and your post 13.03 saying it may not be released to the us, we are the market. If you read the second paragraph last sentence JP clearly says it will be released to the market.
I've emailed JP twice with no reply, MK once which makes the whole first paragraph in JP 's email for me as being untrue.
From JP 's point of view though, he tried to help by providing us with as much information as possible saying the review would be available around mid August. Pi's took this to literally and on the 15th of August we took another hit to the SP so if I we're him I would be reluctant to give any further information via email. He can't seem to win for losing at the moment but he has to release something to stop this ever declining SP, every time I think this is rock bottom, the SP proves me wrong. Never thought we would see below 1p again get here we are.
Absolutely not, all companies hold strategic reviews, all at differing levels, it is all part of good Management, but it certainly is not market sensitive and does not need an RNS unless they wish to announce something.
This whole thing seems to have been built up as a stick to beat the company with, the mention was in a private email and there has been no acknowledgement of a strategic review in any public way.
We have been blessed with good, regular communication from the Company, but it seems some now want them to tell the world at every step of the way. Let's reflect on the negativity caused by previous communications not being fulfilled and understand the Company do not have to notify the market unless under a requirement to do so. If I was them I would wait before releasing any update, until they have concrete news to tell us.
Suppose it depends on what's in it, companies should do reviews periodically or when anything fundamental changes. Not sure that looking at what you can do is market sensitive.