The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I dont think they would leave if the believed that the msc project will come to fruition.
If they did leave then that would tell a bigger story that the party is probably over.
You say to me get a grip but i would say to you......get real and grow some backbone!
I hope this is the catalyst for the bod to make some move to preserve cash.
They simply must make a move to defer salaries or implement a salary swap system so that the cash runway is extended.
Once hoodoo and valkor sort this out there will still be a contract there for us but its another extension of time so the bod need to make a statement with regards to the cash runway.
Im waiting to see how much they believe🤷♂️
Qed even......same company, more grey hair😂
OMG.......if i was not losing so much money in qfi i would not be staying up late listening to this guff😃
Has the valkor geologist just made a breakthrough.....i think so!
What a mess, the hoodoo team are laughing at them......they cant even operate a pc and the commitee have no idea where they are with the documentation.
If i was a valkor shareholder i would be seriously depressed right now🤦♂️
yes he is.......its a pity the legal team are a disaster.
here we go again, they are referring to documents that have not been submitted without explaining it and its the hoodoo team who are pointing it out....i can see the commitee getting ****ed off with this😂
I sort of agree hf but when you submit a company expert who wont answers questions and the oppostion object to his competence then i really dont know🤷♂️
They have taken a 45 minute break for lunch.
Best part of the legal argument if you ask me😅
No hf.....valkor should have changed their legal team after the last meeting because they were made to look incompetent by the hoodoo team then!
I dont know if their mess will make a difference but that is such poor performance i would not be surprised if the committee have not already made their mind up after that😡
Hahaha......they are presenting exhibits that they only submitted today amd have not given hoodoo a copy.
Oh my.....
Honestly don.....i have never seen incompetence like that.
The woman representing valkor is totally incompetent, they cant use a microphone, cant use a pc and their presentation is a disaster😂
Tell you what.....valkor have the worst legal team in the history of the world🤷♂️
Sending a legal team like that, they dont deserve the licence to be honest!
What a disaster of a company.....i think qfi should pull out, we dont want to get mixed up with a company like that😁
Actually Vince, it was RED who suggested he might organise shareholders to challenge the bod.
Whether that would have included removal of any is another matter as that would be very difficult to do under any circumstances.
I would certainly support any action and if it meant gambling for JM's removal i would go for it and take my chances if there was enough support for it.
The point i was making is that i think that gamble would be worth taking given how the last few years have worked out for us.
Maersk, saudi etc......i get it but the performance in the last few years has been a shocker and that lays at JM's door imo.
I would be more supportive if he sacrificed something like salary swap or bought shares on the open market.....but nada so what are we supposed to think.
Shareholders have been trying to find solutions for several years with failure after failure.
Im not throwing any toys out the pram.....make your mind up Vince!
If he is incompetent, if he wants to keep the company at the r&d stage, if he does not understand that qed are on the cusp of becoming a failed company.....if if if!
And also IF you think that sending moaning emails to him will make a difference then you are sadly mistaken.....all the 1000's of them over the years have been deleted without a 2nd thought.
Dont be surprised IF he fails again😉
Nah......i would rather he is gone, not up to the job im afraid and that has been stated on this board consistently over the last 7 years whereby the reason for supporting him is that he is an emulsion expert....what good is that if you fail at every turn!
Do you really want to have jm in charge of your last chance?
He has milked the business, done nothing to preserve cash, hardly put any money back in and cant get anything over the line......whats going to change🤷♂️
Well RED did say that no commercial contracts by the end of summer and he would start to organise shareholders to challenge the bod.....lets see!
I think its worth the gamble of trying to replace JM now.......he has failed shareholders at every turn and i cant see that changing.
They have come up with nothing to preserve cash while grabbing what they can in the face of terrible performance....if we are going to have any chance, would it not be better to try someone new?
If qed had started out in the premier league they would be in the 15th tier now😊
Fair comments don but we have been at morroco for at least 3 years now and its yielded nothing and cost us loads.....we cant even name the client and now its bad news all round.
Whats the scenario if it fails again.....more bad news and the client decides to drop us!
We can ill afford morocco to get in the way of some good news.....if any ever comes😊
If i was being honest, i think i would rather they just pulled out of morroco for damage limitation purposes.
Obviously, we dont understand exactly what they are trying to achieve but its certainly putting too much pressure on the equipment we have there and working to these client windows, theres a danger we could continue reporting breakdowns etc.
Basically, its costing us time and also money which we cant afford but worse.....equipment failure is just a terrible look.
Bin it and move on imo
Yes, we need some good news.
Morocco is by far the least important project to us and yet with these operarional problems we get hammered with each bit of bad news.
I think its time you starting reaching out RED😉