The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
A step in the right direction would be to sack everyone in OZ that isn't doing anything to cut costs to the bare minimum and then build up gradually as needed. Not to keep paying them for zero return. Outsource anything that does not require a full time presence. Secure the sites to stop theft with a zero tolerance policy sacking anyone that steals plus their two nearest possible accomplices. Get a license to dredge which they should have done ages ago. Wash as much gravel 24/7 if possible to find some actual rocks. Its time to cut the fat might as well sack any PR and and marketing as there is no return on NO BLOODY STONES. We can all just assume you have found **** all as we are used to it.
i think everyone left already
its like he knows exactly what he is talking about and what the plan is hell he has plan which is 7 steps ahead of GSR glad I moved my money over
They obviously think they are the only game in town so no need to compete well they are not the only diamond play hell they are not even the only diamond play in Tongo
Everyone is realising how much money they have missed out on making whilst sat here waiting for this to do something well do anything but drop. I have spent the last 12 months watching a correction after the brexit vote for those shares on my shortlist to double
STEL rising probably coz of the non exec share purchase maybe GSR execs would like to put their money where their mouths are well if they can take them out of the trough long enough
on this board. Must be due an update soon.....
Newcomers should do some reading of old messages there are enough of them here from enough of us that have been here for years. Between us there are well over a billion shares being held some with 10's of millions others will 100's of millions of shares that could sink this faster than the titanic. There needs to be sustained and consistent results otherwise sells in the 10's or 100's of millions will drop this like the meteor that killed the dinosaurs. I have been here so long that the money I put in here is considered lost months ago. How any insiders can manipulate it to get their mates out in a profit is frankly just criminal. I am pretty sure that PI's would rather see their money gone as well as everyone elses than see them taking the full hit while insiders get out Scot free let alone with a profit
was a multimillion company before we found any diamonds.....
Will be tuesday before we hear anything bloody bank holiday monday again
Im not even sure if one good RNS will be enough anymore I think it will take 3 consecutive finds. At 25 cpht we need to wash through about 4000 tonnes of gravel to find 1000 carats so we can sell them as I believe we need a minimum amount of 1000 to bag it up together. At 50 cpht we need to wash about 2000 tonnes. Did it once it might spike do it 3 times in a row and we might finally have a business
Indeed however I would also be cutting staff that offer no value until the business actually starts to grow and generate revenue. The operation needs to be slick which will help turn a profit quicker too
It cant get to the end of april without an RNS and it needs to be good to get the price up and survive the rainy season
most annoying thing is I could have doubled my money on half a dozen different shares over the past 9 months
and me a few 10's of millions to drop not gonna sit here doing nothing in rainy season
just read that article and was about to post it here. So they have no machines, bare hands and diamonds and we have people, a wood hut, security, washers and F ALL.....
20th at the earliest I think
wont be until next week if anything at all looking at the previous dates used