Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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NG
They have a new consultant, I missed that.
Did they give any contract details?
How can they possibly afford a consultant when they don’t do anything and have no spare cash because of the tax case?
No one seems to be defending this now, understandable given the total lack of a single positive RNS and absolutely no direction.
I'd personally appreciate the BOD making a statement on the Trinidad tax case, what the new consultant has so far achieved, production figures, current company direction, status of owed monies from LO and the claim against Georgia.
I'll not hold my breath.
Strongsell
Don’t forget though, those could have cost a grand 9 years ago..........
The dilution has been pretty shocking but even today some holders would defend this performance. I’m not sure how they are able to do that.
Probably the same person who sold 14 shares last Friday. Blatant isn't the word
Ok hands up who bought 80 shares for£1:60p
This is blatant manipulation to keep the SP artificially high,
Very misleading and should be outlawed!!
I think it's bad form to mention profit on here,
Even when oil was over $100, profit was a swear word.
One poor soul who claimed he had an IQ of a professor and posted incessantly daily prices of brent crude until it was pointed out STA trade In WTI!!
He claimed he'd soon be in profit.....I have to report
the professor went bonkers and lost all his dosh.
On a more positive note I have a £4:62p dividend to spend, so I'm off to the Bedlington station Co/oP.
Tally ho
Great profits NG..... ;-)
Some great, honest and inciteful posts today.
There is nothing I can disagree with in the previous posts and actually whole heartedly agree with.
How many companies with zero cash to spare legally take on a government, but we actually know that Kerry wrote a letter saying we are suing you and that’s as far as it will go.
Aim rules are very lax and this should not be allowed.......
The only business I can think of in that category involves machines that clean clothes.
On another note it looks like the sub £10 sells are continuing, at least they had the sense to get 0.1% of their investment back.
BARC & LLOY have served me well this year with 100% & 60% profit. I'd gamble the only profit made here has been by the board and for what exactly?
Still not a single positive RNS!
Yes I agree 100% with those sentiments Tesla,
good grief it's a good job most people can see what's going on here.
Its reassuring that this site will not tolerate misleading ramping posters.
One despaired at some of the disgraceful blatant rampers who tried to mislead... the FSA should hunt them down and prosecute them.
Strongsell
I think Mr Gu has done very well out of this share.
He is being paid in salary but isn’t doing anything to justify that salary and there are ways to offload the shares via the back door.
What company can justify a $300k salary with no revenue......
The bod's have done well ,
Does anyone know what value they've brought,
Spar well wide of this...you wont regret it.
Not looking good is fairly obvious imho, they produce nothing, have no plan, can't even sell their assets for the fully agreed contractual price and are burning investors money.
Even the RNS's they release are a joke, they are designed to produce a quick rise which then slowly vanishes, good way to pull unsuspecting punters in to continue bankrolling the board imho.
Anyone with any sense at all would however see through this, a desperate gambler may however not.
Ng
Currently they do not produce anything but have a bunch of liabilities potentially due later this year the first one being the court case in Trinidad for unpaid tax.
Their application to strike the case out failed last year so things do not look good.
Cheers Lewis!
A positive end to the day. Hoping for more this year. No need to ramp. Just hoping to reduce losses.
As Ice Cube sang "Today's been s good day!"
Not great but little steps.
Best of luck all.
M
What exactly do this company produce? For that matter what business are they in other than selling off assets (not successfully) or trying to take others to court?
As no one is willing to post one single positive RNS from the start of STA, I'll save you the bother looking, there isn't a single one.
Yet another pump and dump.
Ng
Share price is over 40% lower from 9 months ago, consistently dropping it seems, maybe a dividend will help restore the upward momentum
It actually states with respect to Gu's shares:
"The Profinero Fee Shares will be subject to trading restrictions of 12 months from the date of issue."
So not all of them are subject to 12 month restriction.
They have to manufacture a way for Mr Gu to sell his shares he has taken as salary.
He will have shorted the share and taken the salary shares in lieu of the borrowed shares.
You obviously don't listen do you Busted?
Post something tangible and positive to gain some credibility, not hard really is it?
No doubt, just look at the last years graph. It's now worth less than it was 12 months ago with no upside, no business, burning cash by way of free shares for the board, more mouths to feed and no agenda to improve in the public domain.
time for a pump an Dump?
LOL
Nightgaunt
I’m am going to hold out for a dividend, I believe there was a rumour a while back one was going to be paid out.
Btw Lewis I'm not looking for a future positive RNS but I'd love to see a one from history, you seem to ramp this on nothing so give me something tangible.
The sad thing is there isn't one and that's the reason you can't post one is it not?