Firering Strategic Minerals: From explorer to producer. Watch the video here.
oldtramp,
The RNS is a lie. The deleted tweet was a lie. Both referred explicitly to the RNLI "fleet", which is far from the truth.
This tweet is an attempt to diffuse the bomb that is likely to go off tomorrow morning, without telling more lies.
JW seemed to get a pass from most following the Triumph debacle, which confirmed him to be either a liar or an incompetent (or both); dragging the venerable RNLI into his web of lies will not so easily be forgiven.
oldtramp,
That tweet doesn't say anything!
When you're in a hole, stop digging...
dawski37,
You have eaten so many hats over this share, you must have permanent indigestion!
It is not the losses that are the cause of emotive posts, it is the lies.
Must have been "corrupted", like the recording of the investor event.
Surprise, surprise, the incriminating tweet has gone.
Jabido,
That should be time in clink, right there.
oldtramp,
I appreciate your candour.
As I posted at the time:
"Should 'framework agreement' be added to the Big BP Book Of BS?".
Cue much derision, as per.
Christrdg,
We haven't moved into "shipbuilding" - how many ships has the company built and how many are they likely to build?
We have moved into the acquisition of 4 defunct yards, which have enabled the board to enrich themselves on the back of some canny political play, backed up by serial lies - nothing more.
Islandmagee is a credible project; tending it until such time as all legal consents were rewarded was the correct play for Infrastrata. However, this would have necessitated a board with a genuine vision for the future, rather than a short-term plan for self-enrichment.
I believe that Arun joined the company for the right reasons, given his history with Humbly Grove; sadly, he has caught the fat turkey twunt toxicity and sold his soul in the process.
Scum.
There is no doubt that JW is lying scum, as I have been posting for 2 years, to general derision.
The question is what can be done? Getting rid of him isn't an issue - he will be gone after another massive Christmas bonus, now that the raise cash is in, but what legal action can be taken? This is not my area of expertise.
Textbook JW.
Kindly drop the superfluous apostrophe!
oldtramp,
Has it not occurred to you that the daily social media updates in the last month have been used to pump the share price to enable the placing?
A blind man can see what has been happening over the last 2 years.
loosegoose,
This board has no interest in creating and protecting shareholder value. Their only concern is the size of their own bank accounts.
They will be gone soon enough; the question is whether there will be a company left when they do.
Oh yes, every trick in the "barely legal" AIM playbook has been used here (nothing to do with nubile 16 year olds...).
As spud famously stated: "Buy the directors" (sorry, spud). If only we had done greater due diligence, few of us would have remained here now.
spud,
I expect them to be long-gone (along with much of the cash) by the time we find out.
Chances of another (attempt at a) raise in February to pay off the leg-breakers?
realturbo,
What makes you think that the H&W shipyards will ever be profitable, given that few, if any, other West European yards turn a profit, at least without massive State funding (illegal or otherwise)? I have stated from the day of acquisition of Belfast that the only hope for the company is public money and lots of it. Whilst I consider most politicians and public servants to be pretty dumb, they are not total fools and are hardly likely to dole out cash, only to see it funnelled into the directors' bank accounts. I have mentioned DeLorean, somewhat in jest, but NI politicians will be particularly circumspect due to that fiasco. I have asked repeatedly of the rampers to explain the secret sauce that JW brings, without reply.
I maintained my holding (and continue to do so) in the genuine belief that the granting of the marine licence would be transformative (I also believe that any legal challenge to IM will fail); in the event, it was a damp squib, reflective of the massive risk imposed by the yards. I now see no way out.
I have always maintained that Infrastrata should have remained focussed solely on IM; the project should have been wrapped in cotton wool until such time as the licence was granted. After all, this is why I, and all genuine long-term holders, invested in the first place. But where would have been the bonuses in that? Directors with a genuine plan for the future would be rewarding themselves with share options, no investor would object to that.
I wrote in April that I expected JW to be gone within a year; nothing to date suggests that he won't trouser as much cash as he can, then be gone by Easter. I know that he reads these boards and can only hope that recent sentiment shames him into doing the right thing, but his history as a phoenix makes this extremely unlikely.
Radders99,
I can't follow the link, but the only guaranteed expansion is of the fat turkey twunt's gut (along with his bank account - £1.5m this Christmas?).
stokey12,
Whilst your seeming obsession with tracking vessels is, in some ways, to be admired, when will you come to the realisation that no number of ships docking for a figurative oil-change will ever pay even to keep the lights turned on?
Do you really think it a coincidence that six vessels were docked in Belfast mere days before the announcement of the latest placing, given the perfect form the company has shown in this regard since the fat turkey twunt took the helm?
Perhaps it is also a coincidence that the investors' page of the company website is not currently working for me?