Member Info for ebygum

While we are reminiscing does Mickey Mouse and Donald Duck still sign on at a London office, are there still many taxis parked in office car parks, have all the "ghosts" been exorcised, does the Indoor Patrol still operate, are three times as many people scheduled to work at one place at the same as there is physically room for, does the workforce refuse to move to a new office unless a bar is provided? Bring back the good times, maybe they are still with us.

We've had "potential" and "maybe" pushed at us for years, sorry but it doesn't wash anymore. I remember all the hype about how fantastic it is for us that Sirius found product "just the other side of the fence". Potential is worthless if we have little or no ability to develop and bring it to the market. We have no practical/definitive plans that I can recognise of any ability to do this. Arbitration is nothing more than a smoke screen behind which the reality is hidden.
If we can't use this potential it is no more than an illusion and the only way to benefit from it is to sell it. If this potential is so valuable why are buyers not buying our massively under valued shares with a view to a take over?

It's only a net loss and a declining business because reality has not yet hit. The sooner people come to terms with the fact that RM in the UK can only survive as a successful company if it dumps the legacy attitudes locked into the Letters operation and becomes primarily a parcel carrier. There are plenty of other parcel only companies out there that continue to thrive while RM still thinks it is a letter carrier (or at least the CWU wants to believe that it is). Get real, smell the coffee!

Never have so many turkeys tried to hasten an early xmas. When that happens we will see the CWU and their letter business(not industry) float off down the river into oblivion. When will these people realise that they have no place in the future, they are sitting on the dead branch and sawing it off.

Maybe this client would find it more financially beneficial to buy SML than pay any amount awarded against them, sell off Redmoor/everything else and come out showing a profit, what do you think?

Maybe the CEO considers that at time of crisis he should be where the future of the company lies. Perhaps he regards the UK arm of the business as a less important part than operations in Europe. With the constant hassle/agro. and non cooperation from the CWU/workforce preventing realistic progress in the UK who can blame him. When everyone is in the dole queue they will be able to say "we showed 'em brothers".
Pre privatisation Royal Mail was not a proper commercial enterprise it was more like a branch of the Social Services dominated by politics the main aim being to provide employment not to make profits. The unions had the whip hand because the top management were controlled by Westminster where I.A. could not be tolerated for political reasons.
Todays problems in RMG are a consequence of the necessary change from the old culture to that of a sustainable 21st. century business. If that change is not made there will be no half decent future for RMG.

When the "one day bringing massive profits" arrives will SML still exist? Chances are that we will have sold Redmoor years previously just to survive.

Would it not be cheaper for the mystery major client with whom we are in dispute to buy us than pay the amount we are claiming?

Maybe we should sell something - HC, Redmoor? Neither are contributing to keeping the company afloat!

Any Executive/Senior Manager who needs to be paid extra over and above their salary to achieve what they are already paid to do does not have enough integrity to be employed in their role. Bonus etc. should only be paid for performance over and above what people should be expected to achieve by virtue of the position they hold.

To those according to their needs, from those according to their ability. Very noble, but who decides on needs and abilities?

Am I correct in thinking that our access agreement to the Cobre Magnetite ends early next year, and renewal is normally only for 12 months at a time?
The size of the stockpile is therefore meaningless in terms of what we can sell. It can't be easy to sell when continuity of supply cannot be assured. What customer would sign a contract knowing that they can only be certain of being supplied for such a short period of time?

DerekR. Would you define what you mean by "...successful in public ownership" is that relative to other publicly owned businesses? I don't think Blair privatised the Letters Business did he? If he did he obviously had great foresight in knowing that the Letters Business was/would become a millstone around the neck of RMG and would continue to be so as long as it was publicly owned. It is obvious now and has been so for many years that there is no future for a business dominated by the RM Letters Business mentality.

Why do people think they have a right not to be upset?

Striking deals is the easy bit, what matters is the benefits gained from such deals. If I was JP I would not want the Cobre major client deal nor the Tatu deal on my CV showing how good my track record was in making deals.

Hey Falkland how is your forecast of 10p for Rockhopper(RKH) going? Did I read on that board that you said you were never wrong?

DVH: We were NOT all making money from a health SP, only those who sold out. The ones who remained thought that there were decent prospects and could trust the BOD, clearly we were let down. No matter how hard the Ramper clique shout the prospects no longer appear to be decent and the BOD have lost trust. The inaction of the BOD would suggest that all is well when it is obvious to anyone that it is not.

That depends on how they see the company progressing under the present leadership and what is offered in a takeover bid. The current stagnation does not fill me with a great deal of confidence in the BOD's judgement/ability to turn the co. around nor fulfil their promises.

If you are the "major client" perhaps you could buy SML, sell off all the assets, renegotiate Cobre and end up with all the Magnetite you need - maybe even make a profit out of the deal.

The Cobre product, as any other product, is only worth what someone is prepared to pay for it. What efforts are the BOD making to sell the product of which we must now have a very large pile sitting doing nothing? Is it that there is no market or is the BOD not trying hard enough to overcome their poor judgement?
The BOD clearly made a huge mistake over this "major customer" contract, did they not know that the customer could not fulfil their side of the contract because they did not have the required environmental permissions and that if they defaulted we could realistically do nothing about it except jump up and down and cry? How do we (PI shareholders) know that this unknown company had any intention of sticking to it's side of the contract? What has it cost them so far, the forfeited product? Could it be that it is in the defaulter's interest to force our share price down to make a takeover cheap?
Why does the BOD not name this "major customer"?