Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Lets hope this not another false dawn? We need to hold this position until next week and hope for some news! On the subject of GJ who I think most people think is a real toss pot with his handling of this drill, what if it does come good, a big what in my opinion but if it does we will have paid for him to have put all HIS theories to the test. The rewards for SGC from it being successful would be huge as they could get so much extra business stating their success story from here! So is he such a plonker or a very clever man? GLA.
And so the pain continues and the sp falls again. Dempsey must be the longest drawn out testing of a well this century. The positive people on this board must be finding it really hard to get any reassurance from this fiasco from the EME board and their tolerance of the circus clown GJ leading the parade. Correct me if I wrong but was the option that this would need fracking voiced about 3 - 4 months ago by SGC? Now it appears that they have not even applied for the licence! This situation could be used in university business studies on HOW NOT to do things. Really is beyond a joke. What hope for the managing of the China prospect?
Seems to be all smoke and mirrors with no real substance to improve the markets view of this share and forecasts for Dempsey. Looking for even the smallest glimpse of positive news to lift us back up but finding it very difficult and the trades are all red? GLA.
Is there no end to the depressing situation with this company? Not a shred of news to stabilise the situation just more rumours of failure at Dempsey and defensive attitude of the EME over China? Just what is going on? does anyone think that something is not right with China also? GLA.
Is there no end to the depressing situation with this company? Not a shred of news to stabilise the situation just more rumours of failure at Dempsey and defensive attitude of the EME over China? Just what is going on? does anyone think that something is not right with China also? GLA.
Unfortunately RatHole is looking spot on in his predictions for sub10p! This share despite all the assets still in place has dropped from 30p to this ? Something is wrong that we don`t know. The market would not do what it is doing with no good reason. It is not because people are bored, what kind of statement is that for a reason for people who can afford to take the hit to leave in droves? As positive as I have been I really do think we are not getting the full picture. If the gas is to flow at commercial rates why has it dropped another 5% today.? Let`s get real we are in trouble. GLA.
Frankel14. The ones who are upset and quite rightly so are the ones who have seen their investment halved by the complete over ramping of this share by GJ and others and then the sheer incompetence of the Dempsey operation. Anyone has a right to criticise when things are done arse about tit and the info given is misleading as after all they are the people putting up the money. Maybe Dempsey will come good but when I invested I put it at 15-20% of the value to me within this share but now it has wiped 50% off it? I have always stated that anyone in at 12 or below are sitting quite comfortably but over that we are not. I hope that this can come good for ALL our benefit. GLA
Gazza4563. I have that very same sinking feeling in my stomach and just can`t shake it off. This is a complete Fcuk up! I don`t think I have seen such a mess since PCI on this market. I managed to get out in time on that one but like you I was taken in by GJ and all his bullshit. I think I am in at the same level as you and currently have a huge loss for my faith in this one and the mismanagement of the assets so far. Everyone keeps telling us that Dempsey is a side show? Now China looks a weak fall back and if I don`t bail now will I lose the lot? Really worrying g times. GLA
Could one of the people with some knowledge of what is needed from EME on the China situation to perhaps save this share from a total disaster? What would have to be in any news to lift this up to perhaps 20p? I am baffled by the continued abuse given out to anyone who is not blindly supporting all that is going on and has gone on! We have to be realistic and look at the facts and not this shattered dream. GLA.
So now with the demise of Dempsey that no one had even considered it when making their investment here? Really? With all the hype and bull s--t before the drilling started, not forgetting that they even got their friends at the Daily Mail to ramp it up no one can say that it was of no value in them making a judgement. Now the attention is turned to China? So we wipe out nearly 200% of the share value and make excuses for the rest! Lets get real this is now a wounded animal and will be struggling to ever give us our money back(unless you are in at sub 12). Can`t believe some of the excuses for the failure in Dempsey when the same people ramped it up! I certainly took Dempsey into consideration when I came in but I am honest enough to say I was and am wrong but can`t afford to take the hit so have to try and ride it out. If you looked at this company now can you honestly say you would pay more than 10p? Lets hope EME do what Franke44 says and give us some POSITIVE news on China we may get back to 14. GLA.
What a absolute shambles! From the complete nonsense spouted be GJ, is there a case for his statements previous to the ACTUAL details of the amount of gas here to his World Class, largest he`s ever seen! to be seen as deliberately misleading and subject to action? I have never seen a management of a companies asset so mismanaged by EME with regards to it`s allowing this farce to continue. How can people on here keep telling us this ok and will come good? Logically we have seen the SP tank and nearly all the money wasted on GJ`s say so. What does the future hold for people who are in at 12-18 plus and dread to think of anyone who`s in at 20plus. When will we get some realisation that as it stands we are going only one way and it`s not up. 10% down already. Nightmare scenario. Some serious action is needed by EME to try and reassure the market or it`s goodbye to more share value. GLA.
For a company with ALL it`s projects still to be fully explored to fall to this level from 30p is completely baffling. Just what is in the background we are not being told? How can all the assets still be the same yet this just keeps falling and so many holders are selling. Look at the sea of red again today! So many misleading statements and at times untruths coming from the board and other people notably the court jester GJ. Patience is indeed a virtue but this situation is going to stretch everyone's to the limit if it continues as it is. Can anyone even begin to guess the outcome of Dempsey? We now have posters telling us that SGC are new to this business and are learning as they go along! Really! Are to believe that our money is in their care. Not a good situation regardless of what you all thought 6 months ago. Hope we see some positive news soon to help even a small revival. GLA.
One step forward and then two back! Seems as if we are stuck in the wilderness at the moment with no news either way to seriously influence the SP. We will hope that when it does arrive it`s positive. Been waiting long enough for this one to drop. GLA.
CoopGare. Thank you for your post. I think you are confirming what most of us now think that we are in a real mess here! Unfortunately I think Rathole is correct we are running out of money and have nothing to fall back on if , as it now seems Dempsey will fail. It will take a figure close to Rathole`s estimation to progress China and we don`t have it? Just look at the red in the share trades and you can see people taking their money out as quickly as they can. Sorry to say I really think I got this one wrong and feel abused by the board with their mismanagement and complete refusal to keep us informed to allow us to make a judgement call on do we sell or stick. GLA.
I must agree that it`s looking like this is going to fall flat on it`s face soon. The news can`t be good or after all this time they would have released some positive news to reassure the shareholders who are leaving in droves. What can we expect from China? Even if the test results are "World Class" can we or more importantly the market believe it after all they misleading hype on Dempsey? I think we are on really thin ice with this share now with nothing at the moment to say otherwise. If you are in at 12 or less then you can sit back and wait without to much to concern you but 16-22 then it really is very worrying. How long can the board expect us remain positive when they have to date completely mismanaged this one. Would you trust them to succeed with the other "Assets"? Not sure I would. GLA
It would seem that from the dizzy heights of 30p we will be back to 8-p if Dempsey is not commercial? The same people now of this opinion have been insulting and ridiculing any one who even mentioned being careful of the GJ assessment of this "World breaking gas find" and it`s potential? Now after all the hype reality is kicking in and we are all in danger, excluding the fortunate one`s in at sub12p, of loosing even more money due to the over hype and mismanagement of this company. The other potential assets are already in danger of been blown away by the management and I still have this sinking feeling in my stomach that even now they know the results but are covering their backsides by keeping it quiet until their positions are squared away. Not a good position for us that are in at over 16-19p. Hope I am wrong but GLA we most certainly need it.