Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This is marvellous.
Al done diddly F/A for 10 years sisto has finally got the boot.
Regarding a replacement.
Remember, those who voted him out have the majority vote, if we find someone suitable & called to vote, we can fill the position.
Indeed.
No idea how anyone could think hanging onto Sisto who has quite litrally destroyed value for 8+ years is better than finding someone not in retirement age with a point to prove & hungry for success. Baffling.
Antelope. Are you proposing running with the same Chairman who has created zero growth over 10 years is better than an (any) alternative ?
doing the same thing 3 times & expecting a different outcome is the definition of insanity…. He has proved his colours over the last 10 years imo you’d have to be insane to think he’s capable of much more.
Not ideal if you have to clutch at straws.
Some have been here for 5/8/10 years, there are no straws left to clutch, pound for pound value 2012 - 2023 = +46%
2013:
“As a result, shareholders have approved the Company resolution to implement a corporate voluntary arrangement ('CVA') as described in the circular dated 31 July 2013; as well as a capital reorganisation, fund raising of £300,000, disposal of Silvermere's interest in the Mustang Asset, new investing policy and a change of name of the Company to Tern Plc.
Following further demand from professional investors, the Company has, in addition to the Placing Shares, received applications for a further 30,161,290 New Ordinary Shares of each in the Company at a price of 0.124 pence per ordinary share, raising a further £37,400. It is issuing 69,090,144 to the Supervisor of the CVA to be issued to the creditors and 3,043,478 in satisfaction of amounts due to Peterhouse Corporate Finance.“
1/11/13 - Share consolidation at 1000/1
If you invested £10,000 in 2013 it would now be worth around 1k on a like for like basis.
worst of it is, when they put out their video conference & dodge every single difficult question, they will congratulate themselves for making “steady progress”.
Chairman really does need to go. It’s a disgrace.
Errr yes. The mms bought it, you do know how the market works ?
MMS will now sell it to pi’s for a 0.4-1p increase. Once it’s sold (if nothing so moving comes in the mean time) this will drop back down and then some of those pi’s buying will also sell, sending this lower.
Like it or lump it that is the state of play with AS in charge. He needs to go & soon.
Love way Jolly says tp 6p like he is shorting this lol - same on any share he’s not so keen on pops up after the pullback & shorts unfounded targets based on nothing but his opinion.
Can we have a round of applause for Al sisto for, yet again, killing any kind of share price increase. On form & never one to let himself down. The bloke is a disgrace and clearly full of S**t with a lack of any decency that even the modest of director would have.
He needs to be booted out.
To see if you’re still talking to yourself Bob.
Tern - full of huge potential, run by an old codger who raises on any rise, compliments himself after a less than inflation SP increase over 10 years & constantly promises jan tomorrow.
Doesn’t half make one wonder about his motives, certainty don’t seem in the best interests of shareholders.
Year end 2024 prediction - 10.8p.