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Hit 23.55 and bounced...for the time being...equity raise incoming...?
orthern, and that announcement was over a year ago and the company has failed completely to stick to their promise to provide shareholder value. One suspects Cornerstone may no longer be so pliant.
Piecing it all together...radio silence of months...Fawzi's guarded comments...a failed equity raise and a car crash RNS...
Rabbits in the headlights of a car...?
Hunkered down in their Brisbane bunker together...?
Excellent point addickt
I wrote to him asking for clarity about drilling progress across our sites and received
‘exploration drilling at the regional projects was paused in January and has not been restarted as the exploration team are undertaking extensive field programmes’
I also asked could Solg give just 1 example of what the announced newly agreed close working partnership of Solg and cornerstone has achieved? Just 1 example of how we are now working together, better…. And received
‘On Cornerstone, the announcement last year clearly marked an improvement in the relationship’…… . Excellent stuff…. So no he couldn’t.. and he was similarly useless regarding any update surrounding our hapless attempts at joint venturing the regionals…. I fully expect us to be handing back the majority of them.
Fawzi didn’t reply to me.
One thing's for sure, the time has come for them to drop various oblique references and to state with absolute clarity what the strategy actually is.
Quady will argue they have - with a degree of justification, I might add, but when you have the most important board member saying something completely different, is it any wonder the market is confused?
You can tell a lot about a company with how they dealt with covid. Some are now busier than ever and some are mentioning covid in everything they say.
On other words some have gotten on with it and recovered. Some use it as an excuse. Take your pick with solg.
Monte
It won’t get to any AGM …. They can’t afford to
They have gotten away with it for too long. This is just a continuation of the Mather era.
They fly around the world first class from conference to conference sprouting the same stuff time and time again.
Correct, how many times have you heard we have first mover advantage? A good management team who entered Ecuador 5 years after us, would now be 5 year ahead of us.
They live the champagne life style while at these cosy conferences.
And don't forget the large 6 figure salery to compliment. No wonder they are in no hurry to move this along with momentum.
I'm afraid to say Irvin and Co were right about solg all along.
I suggest everyone takes the opportunity to vote his year and get rid of the whole lot.
I wrote to him about Ingo and Lisa leaving; the 'car crash' RNS and Nick's and Andrew Taunton's unguarded comments.
He acknowledged both and seemed sorry Ingo had gone.
Has anyone had anything from Fawzi, or anyone else for that matter, in recent weeks?
Why bother...?
Meanwhile, looks like a steady stream of small Autobot sales...
Well expressed, orthern.
Slowest car crash in history....
Agreed
Cheers for this DBW… normally I would watch every webcast/streamed interview with keen interest.
But my interest/belief in our management is now so low I’m not sure I can bring myself to listen again to more talk of first mover advantage, generic pleasantries, talk of cabs off ranks and how the board are making good progress across our large portfolio… to a room full of industry people that have already heard it year after year.
The frustration is real
Not seen these low levels since the Omicron panic last year, looks like the miserable nature of last weeks RNS is starting to sink in. Very hard to see any positives in our present predicament without a bid.
Monte post recommended
is this the potential multi tier ?
Not with a management team that would struggle to run a Wimpy bar
35p offer again you think from bhp?
is this the potential multi tier 1 mine company?
Jerry, it was tongue-in-cheek. And I agree that they are more likely sellers than buyers.
NCM and BHP investment here not looking good considering what they bought in at imho
Morning Addicknt. I think they said they were looking domestically.
I still think they are sellers under 50p.