Member Info for 3cardbrag

Judging by several recent posts it would seem that my skepticism is not entirely misplaced. I do enjoy reading much of your posting but remain unconvinced you have a hotline to the great one. Sorry Bud.

One question you could have asked. "If you can tell me all this, why can't you tell your long suffering shareholders?"

Just googled it and it's a freight company with same name.

Spotted a sign for a Nissin Food plant on an industrial estate today in my home town. Was sorely tempted to spray it with graffiti

Hi. Long time no post. Still not back in OXB but look in on a regular basis. Re consolidation, I can only speak from experience. I have generally found that whilst good solid companies can make it work, those down in the lower reaches such as in AIM tend to use the small number of resultant shares as an excuse to dilute again at a later date. Let's face it they are only in the position of having huge numbers of shares through incessant dilution in the first place. Nightmare examples for me are VOG, JLP and BMR. I personally feel that once the euphoria of consolidation has died down, SP will slip back and, if it drops to a level I am comfortable with, I'll be back in. That would have to be in single digits (old money) though.

The point is that a CEO worth his salt would cover it. AB has demonstrated on several occasions he is perhaps not worth his salt

That's why I ended the comment with "Then again"

Bats have been found in a belfry somewhere in northern England.

A study has found that peanut butter may contain nuts

Now there's a thought. Maybe AB has been so ineffective BECAUSE he spends all his time scanning our BB to try and find something nice being said about him.

JLP and BMR will have entered into a very detailed contract regarding the construction of the plant. I would be amazed if Bodgerelli has not tied them into specific timelines for each stage of the build, with penalties attached. Then again!!!!!! Secondly, I would agree with you regarding hedging your bets with a foray into JLP shares. We still cannot say for certain that we will get our money back on this deal and there is still a strong risk of further dilution, some of it to JLP. It therefore makes perfect sense to hedge, and let's not forget that JLP are producing and profitably, at Hernic with other sites to come on stream in near future.

Reminds me of the Life of Brian sketch. "So what has Alex done for us?"

What are you on about? Why would the taxman chase us when there is no tax due because we are a million miles away from making any profit?

I'll provide the bucket

Or he could try the cure for hiccups. Namel, fully immerse head three times in a large bucket of water and remove head twice.

re "I also remain of the opinion that the timetable is not a big deal" That depends on how long they stretch it out. We wouldn't want to run out of money and get diluted yet again would we?

Re " I'm beginning to think that Leon is all talk and no action." Have you looked at the latest operational update for Jubilee. Speaks volumes.

Only thing is all the groundworks and tank supporting pillars were designed for a smaller plant. Can they easily utilise these or will they need to start again. Bear in mind that AB has taken two years to get to that stage.

Hope not. I'll be dead by the time the Swedes make any meaningful decision.

Don't know whether or not you can see this as your post was unclear as to whether you are leaving us or just using filter button. In the short time you have been on this board in your current guise, you have personally had several setbacks in terms of the date on which you expect to be rolling in wads of cash, and the latest RNS will inevitably push that back further and could involve more dilution. The reason why so many on this board show scepticism and appear rather negative is that, having been around a long time, they have seen far more setbacks, disappointments and dilutions than you can imagine. Still, as you would say, "illegitimi non carborundum"