Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Its dropping because it went up on nothing over last few sessions and now going back down on nothing as nothing has hapenned. Its awaiting PH telling us what he is doing which as you know isnt his strong point. Lets await and see but I wouldnt be surprised to see it dip further back to 1.3 on the bid if nothing arrives. Just being truthful. If news does arrive it could ten bag in a matter of sessions but that is of course the gamble and ph just says nothing and takes his free shares every month at our expense.
Given the sp has dropped from 17 pence to 1.5 pence is not exactly lighting my fire but I agree its a step in the right direction and anything that doesnt start with a 1 is good news to start with. Onwards and upwards. Does anyone actually know what ph is up to at present because sadly you will have to guess until he deems something as news worthy.
Its £250.00 which doesnt register on my radar. This will need millions in trades every hour for days and weeks to get anywhere. One trade is all it deserves at present as the BOD arent communicating with anyone and no-one likes silence. You are left to guess.
I purchased years ago when the SP was rising and PH had the city boys eating of his hand with stories of 3 wells, one choked back that would bring 1000 barells a day and very optimistic on the way forward. The idea was to raise 11 million to fast track growth rather than organic growth. Oil turned out to be water, SP declined. PH been economical with the truth from then on with stories of site delays, letting the site foreman do the talking, no mention of shutting weklls off etc. Been buying in all the way down to 0.85 pence to drag down the average and now not buying any more, just hoping for about 5 pence to break even and leave you to PH and his future stories. Right now, no-one has any idea what he is upto or whether we have funds to drill further, what is in the hole or whether we have funding to extract it. At present PH is saying nothing and when he goes quiet its usually bad news, lets see if he changes his ways. The simple answer is he could just tell us all what he is upto, stop the guessing sort of thing. At present, we just dont need him as he is a company negative. Being able to speak gerogian doth butter no parsnips with me.
Most investors dont care and arent bothered about snouts in the trough RNS or no updates or fairytales or previous stories or money wasting / smoke and mirrors etc, its all of no consequence, hence why PH is voted back in as they judge him on what they would like him to do, not what he has actually done. I have personally seen enough and want break even and then out. Wouldnt trust the fella as far as I could chuck him. Any one with a different viewpoint please the the SP and volume of trades for today. Case rested.
If someone had just purchased over 5 million shares we wouldnt be red on the day would we.
Wise up chaps.
In reality, what shareholders should be doing is writing to PH and just ask him if he is able to tell shareholders what he actually doing as opposed to letting them guess. That would be much easier.
People had the chance to vote out PH but chose not too and must now live with the consequences, as do I because I wanted him out and didnt get my way. despite my voting. On that basis I have little option but to accept we are stuck with him. As for those of you who voted for him, best of luck as you are sure going to need it. To say he is a story teller is taking it lightly. Judge him on what he has achieved, not what you wanted him to achieve and what you will see is very little. Lets just hope a mircale arrives and saves this massive shi* show. Does anyone really know what the delay is or if we will ever make enough money to raise the sp because I dont, much as I want it to.