Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It looks like Mr Spacetomato has been banned as well. All his posts have vanished. I find that pretty nasty to be honest as I did not read anything from him today that would justify a ban. Is it his call to have Doh/MD and PL75 back that caused some to report him? Seriously!
Fatbanker - you’ve really put the fear of God in me now, brrr ..... CEO making dodgy dealings; shorters here soon (already saw a couple of names, twice brrr ....); expensive and time consuming project; 3 years wait before seeing a return on my investment. Should I sell?
Nope, I’ll stay put!
I for one will decline your invite to go on the BMN forum as frankly I have better things to do in my life than to ramp or deramp the investments of perfect strangers on share forums. But do you REALLY think that it is a couple of rampers and derampers on share forums that get the price of shares moving, seriously? That is why you’re here, you think we’re going to be influenced by whatever you say, you really are naive. As I said, I’ll stay put. Your deramping did not work with me.
Duster - this is an indication of what Sir Mick thinks of the « present numbers. » He did not feel the need to wait for the BSF before investing when this is what Vision Blue would rather do as stated below.
« Vision Blue will target companies in established mining jurisdictions, with well advanced assets (mostly post feasibility study) that are scalable, have low logistics and processing risks and can be brought into production rapidly. »
Duster - why on earth would the ex-CEO of XStrata and his co-investors invest in a company if they do not trust the present numbers or do not have an indication that these numbers are good? Why would they gamble with their millions when they could find other potential lucrative investments?
Dusterinmong -
« Yes coincidence lol. I see MD and NB both reside in Jersey to some extent? How did the conversation go I need dosh your the biggest name in mining ???? hmmmm »
Is it also the way the conversation went between the CEO of NextSource Materials and Mick Davis? NextSource is based in Canada, what should we make of it?
Is there an intelligent deramper somewhere so we can have an intelligent conversation because frankly, they’ve us sent the bottom of the pile lately?
Libero - contrary to you, people know how to read an RNS. That they called that « placing » is irrelevant, the reason for the sell of the CEO’s shares was well explained in the RNS, as it was in the RNS one year ago. So no dodgy dealing here or misinformation as you want to portray this issue to discredit not only the CEO but also the share itself. Note that one year ago, there were no takers for these shares when they sold like hot cakes yesterday.
The share was « ramped up » as you said by the extremely positive announcement of the ex-CEO of XStrata wanting to invest in Ferro-Alloy as he believes there is a worldwide systemic shift towards green energy taking and wants to position himself in companies that have the potential to achieve a lot in the context of this new economy. Is it not also the case for the companies that you have mentioned? If we decide to invest in Ferro-Alloy, that is our choice. It is not yours, each to their own. And I’m not giving anyone any advice on their investments so why should you?
For your information, the same happened for NextSource Materials in February - Sir Mick’s strategic investment in that company for its graphite reserves. In the same way, the SP shot up 450% and there was a big retrace after one week, just like we are experiencing.
Would you like to say something about this maybe, instead of presenting this as the dodgy dealings and so called despicable actions of Ferro’s CEO? Can’t you see the uncanny resemblance between the two companies and the share actions?
Tom111 - « wouldn’t you sell if the sp is dropping like a stone and you need the cash? »
If you refer to the CEO Nick Bridgen, for the umpteenth time, the sale of some of his shares to pay for his divorce settlement was announced by RNS last year and the lock in period expired on 21/03/21. He is now selling some of his shares, as announced, at the end of the lock in period. Where is the problem?
Gregpeck7 - yes, the market knew today, just like anyone who took the bother to read the RNS’ that are on this board. It was announced by RNS last year that the CEO would have to sell some of his shares for his divorce settlement.
NextSource (first company in which Vision Blue invested) has also had a retrace after their 450% climb and this has nothing to do with a divorce settlement. It is just, as you should know, the way things usually progress after a big announcement.
You’re not a holder here I understand. What are you doing here then?
“Bellway AGM trading update tomorrow could throw some light on current conditions for house builders.“
I think they might be seeing a levy coming their way to pay for the remediation of the fire traps they built. #endourcladdingscandal
Maybe this has to do with the Sunday Times article about the cladding scandal for which the builders are now squarely made responsible, as we now know that cladding was just the tip of the iceberg. Most buildings surveyed have inherent fire safety “defects” (missing/incorrectly installed cavity barriers, unsafe internal compartmentation, unprotected steel frame, etc.) and this is not due to incomprehensible building regs but builders cutting corners in the search of profit. Result: millions of innocent leaseholders trapped in unsellable flats, and being asked £50,000 to repair buildings that were built shoddily by the likes of Taylor Wimpey and their competitors. The reputation of the house building industry is taking a beating, and even more so as those builders are refusing to do the right thing: remediate the defective buildings they built.
Rs28: as I wrote, building control cannot be on site 24/7 to check all cavity barriers. And as is written on all the warranties: it is the responsibility of the builders to meet building regulations standards. But I agree, it is a huge systemic failure and the consumers were scammed by all of those belonging to this system. Yet, a decent builder should rectify the faults they made, just like a car manufacturer has to do it. But unfortunately for the victims, none of the builders are accepting to repair the defective buildings THEY built, bearing in mind leaseholders bought a flat at a price that included fire safety protection in it.
Thank you for responding. GLA.
And me I refer you to my post where I write about the aversion of Barratt and its competitors for cavity barriers, internal compartmentation, and proper fire safety protection of buildings. This is a fact. Now, invest well, with a clear conscience while thousands of people are going bankrupt because they were sold flats in fire traps by cowboys like Barratt (and the rest). Read the newspapers, listen to the radio, watch TV to see what’s happening and in what you are investing. #endourcladdingscandal
Sunset 777: absolutely not. But I have no way of proving it anyway. Have a look at #endourcladdingscandal to see the desperate situation innocent people who bought flats in good faith are in. Thank you for commenting.
« Personally, I think the least responsibility lies with the Builder cos he must build whatever the architect planned. »
Unfortunately you’re wrong: missing/incorrectly installed cavity barriers are a feature of this scandal. Unprotected steel frame. Shoddy and dangerous internal compartmentation. This is all due to builders cutting corners.
Agree, it was a systemic failure. But it was still the responsibility of builders to build without omitting cavity barriers and internal compartmentation. They cut corners, made massive profits on the back of ordinary people who now have to pay life changing sums of money to rectify what builders should have built correctly in the first place. It is more than an ethical obligation. They sold unsafe flats, they should pay. But thank you for responding.
“but they have got some problems to deal with like the leasehold misselling scam which could become a big deal.”
I think that the cladding scandal/building safety crisis is gradually becoming a much bigger deal. Barratt (just like its competitors) responsible for building residential buildings with unacceptable fire safety “defects” on top of installing combustible insulation on their buildings. Awful for the leaseholders who are being asked an average of £50,000 to repair the buildings built by our nation’s cowboys. Not trying to talk down the share just informing you what you are invested in. Have a look at #endourcladdingscandal to see what’s happening for these innocent people while Barratt continue to profit from taxpayer funded scheme. Sickening.
te Redfern, Chief Executive, commented:
"The safety of our colleagues, customers, suppliers and subcontractors remains our priority. »
As for the safety of the ordinary people we sold flats to, we could not care less. #endourcladdingscandal