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Dear Seattle, having been here for more years than i care to remember (Do little) I have always considered your posts HP & shared your "strong buy " Opinion. However, lately I'm perplexed as to why you give your strong buy Opinion & the sp goes down. You've gotten into arguments with Lt shareholders, (which is as new stance for you) & now another stance of hierarchy.
Be honest with me, are you clutching, or do you actually believe it's a strong buy....? Tell me the truth........
I'm so far short in this stock I could do with a seasoned response. And whilst you've taken the honesty pill please explain your new stance.
Blazer.
A very accurate and informative post guvnor. I remember hearing MR saying we were "good to go". I also remember hearing MR saying that AEG would finally be producing Coalswitch revenues, so more shareholder dilution would be a "thing of the past" because the large plant build would be built & paid for with project finance. I also remember one shareholder having a heated exchange of words with MR and that he would hold MR "personally accountable"
I am disappointed to learn yet another share dilution has happened after being assured at the AGM this was a thing of the past.
Thanks for your reply guvnor.
After 5 years of believing, I am beyond being quiet & patient. I am sickened to watch my investment fade to where it is today. If new leadership is what it takes to make this share rise, then bring on the Boris strategy.
Last year I attended the Investor lunch (April 19) and heard Michael Rowan say that all necessary Permits were in place which made the Lumberton acquisition so unique and I've still got the official Corporate Presentation booklet he distributed confirming that fact. Michael Rowan's assurances of everything being in place to quickly move the plant and the prospect of immediately generating CoalSwitch revenues got my vote. This now seems to be very different and still many months away from achieving his promise.
At the heated 2019 AGM a certain investor applied pressure to Rowan, holding him fully accountable should he fail to nail to sub-licensing offers on the table. Additionally Rowan pacified the masses, telling us that Absolute Welding were currently making “good progress” rebuilding the plant and it will be running sooner than later. He also agreed he wanted to be seen as a CEO who understates then over delivers. This again also now seems to be very different and still many months away from achieving another of his promises.
I'm starting to think perhaps seeing how Michael Rowan's has in fact done the complete reverse to what he promised it may be a good time to look at appointing a more reliable leader. Seeing the calibre of the new NED's which have recently joined I'm thinking this task will be one which will be easy to achieve.
In all the AGMs I've attended never before have I witnessed such a tense moment between share holders and BOD. Very strange why the board would be acting in this way, but I'm sure we will soon be hearing the answers as every person sitting on that table (Esposito, Rowan, Melling ) will be held accountable by that shareholder.
Not sure if I understood this (5tph machine) properly, but: Wasn't it supposed to be mobile..? If so costing s/h to dismantle it (1 month) another month moving it... then 6 weeks to reassemble it at a cost of £3.5m ! doesn't sound very mobile to me. This Q I will be asking at the forthcoming AGM.
You say its a long way to travel but.... Why don't you protect your own investment by attending and look MR in the face with your own (I think) great questions. Surely its worth the time and money rather than making all these assumptions about the BOD...? After the lunch you will know whether to pull out your money, or push more in.