Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Iknownuffin
The company stated in the recent RNS that visibility on the next sale update was ‘low’. They’ve not stated anything to update this view.
Not sure how you’ve deduced it is’imminent’
Is the company purposely misguiding the market? Setting a low expectation when in reality(your reality) a deal is ‘imminent’?
Danseca
‘Just for clarity; Tilly and/or any other need not take responsibility either way; if someone is stupid enough to buy or sell because of positive..’
‘Take responsibility…’
Jesus wept
It’s the ramping ffs along with others that grates….
Why do you think the likes of Tilly, back in the day spent hours each day ramping the F out of this? With the veneer of childish humour and ‘camaraderie’
Friendships
The WuP is just another example of casual oversight by the BoD.
In the history of AIM, a clear indicator and red flag of a potentially poor investment case… is unclear comms.
Lots of companies fail that have good comms
Most companies with poor comms fail.., imo
Keen to learn of any companies with persistently crap comms that perform well.
Friendships
The BoD have communicated very very little these past few years. Very opaque and very very unclear.
Beggars belief any genuine investor can be satisfied with the current comms situation.
Anyone know what the strategy is for 1st Jan 2024? Few weeks away BTW
Del
There is no BoD… one executive director and that’s it…. There’s nothing happening day to day.
No CFO
No Finance Director
No COO
No executive MD
There’s a chairman and a few non-executives , Rawlinson gets second billing and what does he do? A day a month?
No mining.
Low visibility on sale update
A very very empty corporate calendar…
Other than payroll what’s actually happening?
There is no one to provide that oversight that you’d expect of a listed company
How many employees are on the payroll? Anyone know?
Icecool
I don’t think they have ‘ran out of money’
But they certainly are running out of money
There is no income and no mining. Plus no plan, made public, to change this. Just a ‘hope’ of asset sale this year
Tick tock
Shortly
‘The Company is taking legal advice in relation to the matter and further updates will be provided as appropriate.’
I wonder if the new company providing legal advice is being paid in advance….
Can play havoc a situation like this…even the company florists will want payment up front…
And no income currently
Wouldn’t be surprised to see resignations fairly soon
You can ‘trust’ what the BoD say but you have to read and understand what they’ve said. And also be very circumspect when interpreting to the upside as opposed the downside when opaque and ambiguous statements are made.
The BoD have 7 years of opaque statements imo.
Also have to research how much proven reserves there are on record….
8weeks to go… any update on 2024 strategy or mining plan?
Anyone seen the BoD? Interestingly how many actual executive board directors are there? Is it one? CS?
Shortly
Great post Tygra
Reminder that the BoD, after years of this, have confirmed currently’low visibility’ on when the next sakes update will be. No change in their view on this.
In the history of updates I’ve never seen use of ‘low visibility’…hardly encouraging is it…
4th july 2023….
Possible sale of Russian Assets
The Board remains of the view that any buyer is likely to be found in BRICS countries. This process has now run on substantially longer than the Company's management team had anticipated. We acknowledge shareholder frustration regarding the duration of the sale process, however, we also note recent precedent transactions which have successfully completed despite the geopolitical situation. Further updates will be made as appropriate although there is currently low visibility as to when this might be. As ever, there can be no guarantee that Eurasia will enter into binding agreements regarding the sale process.
Layla
There has been zero material progress since the Hammond tweet >3yrs back.
In fact they are mining less now than then.
Why no update since the DD complete RNS
Why no sale of concentrate
Why no progress of Sinosteel
Why stop mining
Why no published plan B
Why did JN leave with zero notice period
….etc