RE: On the move4 Jan 2026 09:09
Your missing a fundamental point
Ie people talk about tax losses, they haven’t been able to sell them for 25 years and they need full production operation making a certain amount of money over a certain amount of time to even try to use them themselves.
So they are essentially worthless, but people mention them
The same management for the last 2 years have suggested BM would be in production by now, that hasn’t happened
Drilling results have consistently been average at best.
Past JV never materialised
Past tries transactions (same BOD) never materialised
Placings have popped up at the wrong time
Nick has been overly rampant at times - remember the ‘going to oz trip’ that delivered absolutely nothing.
Failed transactions with companies were never given any details on likeOcTa and the tax deal.
They said people were still in the data room, did they lock the door? As they said they had a better deal which was why THEY pulled OcTa
It was a total nonsense, trying to ramp the price
£500k of options given to a failed director who was no better than theBB rampers.
The past is what you base your research on, ie you read the oldRNS, listen to the old interviews and when it doesn’t add up, how can you invest? Or are you gambling that even though the deliver very little tangible results that something will change
Raglan isa sub optimal gold operation. The grades are average and it’s small. Yes they have some equipment that helps with BM (so they say) but no way this was given away cheap for the fun of it.
Again, proof will be in the pudding but if your dismissing years of failure, then your just gambling and if that’s the case we’ll so be it.