Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Northfork ready to be switched on? - where have you read that. The CDC hasn’t posted any Board minutes of their meetings since January and that one mentioned very little. If you’ve been here a while, you will remember that they used to give an update, with Eqtec even clarifying them on occasions. The April meeting was today. The silence from this BoD is deafening and they certainly don’t communicate with the shareholder.
And of course his and JVL’s explanation about those ‘engineers’ - that if you want the best, you have to pay for it. The best, really?, the same ones that still can’t get Northfork fired up and all the others over the line in any time frame whatsoever and who’ve only generated a pittance rather than power.
I would love to know who’d snap this BoD up and pay better if they were to go and work elsewhere.
The NFCDC used to report progress in their board minutes. You would have thought Northfork which is supposedly due February, would have been mentioned in detail as there would surely be a flurry of activity. We’ve thrown enough money at it and yet still silence.
Minutes from Northfork CDC finally posted
http://northforkcdc.org/
Dare we look . . .
No minutes from NFCDC Board since August 2023 to refer to, so who knows where we are with the commissioning process. All well and good looking at the websites of those involved, but we know how the management of projects has gone to date.
Wholeheartedly agree, this management team of JVL and DP needs to go. If they had an ounce of management expertise, the company would not be in this shocking position. Since they’ve been in post, the company have flitted from one solution to another with no longterm business strategy, appalling handled the finances to the tune of squandering in excess of 50m and taken so much time that those potentially interested, lost interest and bailed out long ago. You can have all the conversations in the world and boast about pipeline of pipelines and MOU’s, but unless you attain project closure, you lack all credibility and mean absolutely nothing on paper.
I never thought this management team would be as badly performing as they have been, we cursed the last ones - but if they recognised any form of accountability.
As for the so called ‘best engineers etc that we ‘pay more for’, where are they? They completely fail to get plants up and running anytime soon. I’m sick of hearing them bleat on about how every other business has suffered the same, the pandemic and world events, financial pressures etc; that is where you have a business continuity plan in place that you constantly review and set aside necessary funds. That minor detail and management strategy, went out the window - actually it never arrived. This is very basic stuff.
Shameful that they consider themselves worthy of being paid more. My advice DP, JVL, that’s fine by us, go for it, we would welcome your departure and someone else coming in who cares about the business and all shareholders.
They don’t have the decency as a company to even respond to repeated communications via email from a PI - and I’ve held for years.
A lot of you have cursed C909, but they’ve been correct with a lot of their comments to date.
Utterly amazing. On the day of consolidation, an announcement comes out, which we have been asking for an update on for months. This is significant and I can’t imagine it has only become evident in the last few days, judging by the comment about the lender.
Beating aandi to posting links . . .
https://www.thebusinessdesk.com/northwest/news/2121252-manchester-developer-hit-with-4m-legal-claim-by-project-partner/
Not sure if these have been posted on here already
http://northforkcdc.org/?p=6929.
Further board meeting on 25/09 - will be a while before the minutes are posted
Cheers for the postings Andii. The construction of the plant will hopefully be ready in 7/8 weeks, but will infrastructure issues cause potential problems for that timeframe - they can’t afford delay after delay again. Also what would be the timeframe for the testing and commissioning to completion do you reckon - could this still drag out till year end. This really will be great news when it goes live, as the facility may well be the catalyst for even greater opportunities than the existing projects. Hopefully a smooth transition through to being fully operational - as long as JVL doesn’t start to sing about it, we will hopefully be fine.
Sorry I totally disagree with the comment that ‘certain posters on here are affecting the share price’. If you have an ounce of resourcefulness you will do your own research - you’d be pretty gullible if you didn’t. The company themselves have said enough to affect market sentiment without the help from anyone else. Do you think the ill advised comments on social media, the outlining of proposed deadline dates which shift so frequently and the sudden surprises following interviews and public meetings will have had a positive impact? of course not. This is not down to disgruntled investors on here, it’s about them getting to grips with the fundamentals of running their own business plans. The tech speaks for itself, they have to step up now and prove to the market they know what they are doing and they need to do so swiftly.
Unfortunately C909 is stating fact here, there is little confidence left in the company. Everything from the business plan, marketing, financial decisions, deadlines and project closures have been shockingly bad at times and affording the BoD praise for it, is just delusional. They don’t care one bit about the PI’s. All well and good some saying ‘everyone has to be patient’, the company simply don”t have that option or the finances behind them to allow for things to drag on. They threw too much money around and didn’t think about a longterm strategy or potential consequences, which needless to say, they should have paid even more attention to following various world events. Another cash raise down the line here would be catastrophic. The credibility has gone through their own actions alone and the market is unforgiving. I don’t know how they have the gall to pay themselves so well when they’ve achieved so very little. Northfork about to launch???, I wouldn’t hold your breath; their idea of a timeline is totally different to the rest of us. JVL is posting on his social media account because he’s stuck on repeat. Try spending your time replying to the many email concerns from your shareholders instead.
Interesting comment from them. If they are aware of the relentless negative posts on this board, then inform of the facts in a timely manner - frustrated shareholders have had enough of all their gloss.
They have driven this into the ground which is quite shocking. To say the least, they look unprofessional on many levels when they can’t even complete what they set out in their various statements and ill advised social media posts and within the time limits that they set themselves. All they’ve achieved by it is to feed the negativity and frustration for PI’s whilst leaving themselves with little credibility but fat wallets. Should be on a pay structure that if you don’t succeed, you don’t command such a vast salary. Openness and transparency are likely to gain them more respect in the long run - but they’ve completely lost trust through their poor strategies and decision making.