Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Not according to my corrective text..ATB
I'm.one of the bullish lot who only post now and then...I cant be arsed to deal with bed wetting..I've made my investment,I'm happy to take the ups and downs until this matures via its various assets.First up will be Clague any day now...
The man who owns the truth has the controlling hand...that's MMX...they already know the verdict..
SjL has strong suspicion and a very difficult case to win...
MMX may want to poke SjL in the eye ,and only disclose at the point they are compelled to..I have urged them not to be vindictive and drag this out..delaying an eventual sale of the company.
I can also see that they might take the view that nothing will satisfy SjL and that he may go on and on requesting documents...In Trumps America ,you dont make mistakes,you are cheated...
I hope for an early resolution if possible.
Time Belvedere ere given the push...Hope they have notice...
Is it my maths or theirs....total number of shares ?
My valuation is a maximum for HH you idiot...Nothing to do with Greenland...jeez....And your not the only one who has Bluejay...:)
HH £11M ???...£2m max...I place zero value on it...Clogue probably accounts for all of our current valuation..imho..
You know what,I may just do that....What odds on a the call being taken...:)
I'm not going to overly press the point..but
It's not really a question of you shooting yourself in the foot..and I get that we all have a tipping point..I remember well your anger at the $3m VIP provisions ,perhaps the snap point for you..
You have never been shy to at least be critical of decisions...I would have expected,knowing your style,at least a comment of concern during the September 2018...
I leave it there..I was just surprised...
If you have a case ,I believe it relates to the China debt only...I guess it will either come out in the wash or ,I hope an agreement..
More kicking,I regret...
Can I refer you to your posts 11September to 27th September 2018...In these posts there is no hint at all, that you are unhappy with the provisioning of the $14.1m...In fact you state that you would have done it sooner?
At this point given your version of events, why were you not mad as hell over this...
I'm no accounting expert ,but it would seem to me far too brazen and dangerous for TH and MS to act within 12days..
Essentially,I cant get my head around your relaxed view at the time,knowing that you had warranties that perhaps covered some of the activity relating to the $14m of provisioning.?
Indeed SjL...I would actually like to hear from TF on how he is progressing the business..
Your actions are top.of the agenda.its going to get kicked around a lot more yet...But I very much hope we can find a solution.
I have drafted my letter to MMX...Do you have a more direct email address that I could use..? Cheers..
.
O
Hucks, I think SjL's use of this BB is a strange and probably an unwise move..I've met a few self made men over the years ,all were dictators at heart,and disliked BOD's or anything that made them compromise..We use to call it " a Maggie" case,after Maggie Thatcher...I guess it is what makes them successful business people...
Sometimes that inflexibility can also be their undoing, most could ,if nothing else be pragmatic...A heavy dose of pragmatic thinking is needed by both sides...and that may mean one side or the other accepting their reality...
What is the point of delaying a sale that restores everyone to a profitable exit...I hope some sence is applied..atb
Excellent points made ,and well informed as usual Silv.
What is most important is that the business is robust and that is made as profitable as possible..that process is underway...
In respect of SjL's legal action,the truth is known by the BODa and they should act on it...If SjL is correct then MMX should reach a settlement that allows us to move forward...moving forward is essentially removing any obstacle to a sale.
If SjL has got it wrong,then he should be supplied with detail to demonstrate he has it wrong..MMX at not want to do this ,they may show him the finger and say see you in court...that is not in our interests,pragmatism is required now..
In any event ,TF will ,if he is the right man ,get this business to operate at its maximum profitability..that's what we need most of all...get those crazy costs down and increase our average sale price.
My concern here is the future sale of MMX being delayed by years of litigation...
SjL...To be clear ...we are talking about the same thing...warranties...I tend to fall victim to.my own predictive text at times...
A much clearer and solid arguement that dosnt leave doubt as to what you actually mean.
Yes ,agreed that the geo tlds have less value.,but still,if profitable contribute to value.I note we will be handling.Forum,I expect us to earn from it ,and this add some value...
I do not wish to keep clashing with you ,but you have to accept that your approach in posting here is unconventional ,to say the least..and although I support the an outcome based only on the truth ,I will also call you out when I feel the need to..be that because I have fully understood what you say or be it that you have given the wrong impression.
You dont need to convince me about the lack of integrity surrounding TH and MS..or any other poster I suspect..Even so we cant just assume that your warrants were worthless ,but I think most fair minded investors would want the truth and then to move on from whatever that truth is.
I hope that we can also be clearer on where each of us is actually coming from ..that would help matters on the BB at least.
SjL..I have told you where I stand on your complaint ,and have even told you that I will be writing to MMX Chairman to do the right thing..
Why is it that I'm carping on when you dont like what I say and you can engage reasonably when you do .
The problem SjL..is that you are going about this in an inconsistent manner..You put forward reasonable and reasoned arguement and then throw a grenade into the mix ,that usually has nothing to do with your complaint.
As I pointed out .London will be renegotiated but based on 50k not the crazy figures that were expected..Why have you included NRW and Bayern in a list of non profitability..They are profitable. I'm.not the only one to see a certain suspicious type of posting by you..Rykan..eg..
I assume you post here for a level.of support in your action...Why is it you cant understand that you need to take absolute care in what you say to avoide being misunderstood.Why is it that every time you are criticised you revert back to a defensive mode and restate your original complaint...I get where you are coming from re ICM deal..My criticism tonight had nothing to do with your right to know the truth..
Feel free to filter...I will.still say it as I see it..same as you..
Absolutely Norrab....It has been costing a ludicrous $12m to run this company...
The new CEO has stated profitability despite it
Introduce an average doms price of around $10 instead of the now $4.6 as modelled by SjL.himself and this becomes more than attractive company
Not rocket science as stated.many times..atb
There are long term investors selling out here because of your action.People like BKDan ..a really nice guy..MacGaz...etc..I would ask you to have some empathy,after all that's what you are asking for.
SjL..I think you know full well that when the contract for .London expires ,a new one will be negotiated..one that works ....London isnt going to vanish ...Law probably similar..
I fear that as Rykan had stated,you are looking to paint as dark a picture as possible,presumably to hurt the SP and apply pressure to the BOD..
If this is your tactic ,I deplore it .You understand that truth and fair play is a two way street,
In respect of what pays and what dosnt...I agree on sum but not others...I'm confident that Bayern and NRW are profitable..Law I also believe is producing for the bottom line ,but not much...
I believe we were told that post .London settlement ,that would produce $3m over the remaining life of the contract ,some 18/24mths..I can see the point of the settlement unless to release .London into profitability.
The likes of Boston Miami and lower end dogs country rodeo...I agree ..waste of space.