Member Info for CPFC84

The half year report stated Q1 2023 is to be transformational. Not long till the end of March 2023. Is SK in danger of missing his own deadlines again?

At this stage the market will only get excited by assets that can be in production quickly, that provides: revenue, profit, and cash.

Finally, JP perhaps got bored of waiting for SK to deliver value and has decided to do something himself:

"Whilst the Company's geographic focus to-date has been PNG and Australia, this is now expected to rapidly broaden across other geographies including Brazil, where the Company has been actively screening industrial opportunities for over 12 months and has multiple potential transaction opportunities. The Company is uniquely positioned in Brazil given the Chairman's strong connectivity in country, fluency in Portuguese and deep understanding of the local business culture. The Company advises it is attending multiple project vendor meetings in Brazil the week of 27th of February and further announcements will be made following the conclusion of these engagements as required."

I am also a 500k holder. I would love to think JP opting for shares instead of cash is a good sign, but ultimately I can't help but feel it is just throwing us all a crumb. I obviously hope to be proven wrong.

What news are we waiting for?

On which project?

Does anyone have evidence that either of them are alive to pick up their nice salaries?

Honestly, same for me. 0.6p and I am gone. Problem is, everyone else is thinking the same!

I think they had two lots of £600k+ to pay back.

When are they due to be converted? I am waiting to buy but won't until this has happened.

Just looking for a quick answer before trawling through RNS to find it myself.

I was saddened to see he was on that committee to be honest. I expected someone of his reputation to do better.

FXtrade - Re: Lord Bellingham - he sits on the remuneration committee and approved their bonuses!!

Doesn't matter. I have for the first time ever taken valuable time out of my day to vote against all resolutions anyway. Such is my dismay at the lot of them.

Anyone any good at interpreting resolutions 5, 6, and 7?

Resolution 5 - Issue/sell 580m shares?
Resolution 6 - Issue/sell another 580m shares?
Resolution 7 - Ability to buy 58m back as treasury shares or cancel them?

The only thing left to hold on to are that there are a number of shareholders on the register who must be feeling disgruntled and/or more in the know than I am. Yet why are they not selling or creating a fuss? Surely they will make a move at the AGM if they have not received assurances?

Yes, could be the long term plan and if they participate in future placings definitely so.

As Jacob Rees-Mogg would say - this is pretty thin gruel.

Importance ??

Was mildly pleased to see +18% but straight to negotiated order to get a quote to sell 400k shares. Same old it seems.

With your pessimistic outlook are you trying to encourage others to sell so your investment goes down to zero over time, or will you exercise your option to sell and put your money where your mouth is?

No point moaning every day if you do not have the courage to sell.