Member Info for Eloro

Tesla, it's worrying to witness a person's mental illness unfold on social media which is what is currently happening with BBG. I feel sorry for his loved ones who will have deal with the outcome.

Mather sold shares recently to meet his charity commitments as per recent rns. I haven't check whether the reduction is equivalent to the number of shares sold.

Add, pertinent that you mention HP & Autonomy. The 2 defendants passing away within days of each other gave me the shivers. Had one not drowned, I would have suspected foul play. I would be interested to know what the reaction was at HP when they heard the news.

I guess if work starts over at Tandy to generate cash flow, we will know then that we are serious about going it alone!

So from the latest presentation, we will be here for another 4 years spinningour wheels!!!

I hope we will all still be alive to witness the $650M deliverables being met and the cash handed over!

HfH, you are basically confirming what I have always said, that Scott The Rocks Caldwell is not CEO material!!

Add is not going to be happy reading your accurate summary of where we currently are as a company. Like I said from last December, I am curious to read what folks will be stating as reasons why we should vote for Scott at the 2024 agm!

no add, he was responding to the following comment:

"what's going with the $solg strategic review sean? the never-ending nature of this review can hardly be called strategic!!! dragging it out is giving the impression that solg management isn't capable of organising a **** up in a brewery, let alone executing an important task!!"

Add, Sean had this to say on Twitter about Solg:

"Classic. Got me laughing on a foggy Sunday. Have a little faith. We have an incredible project and two fantastic partners. The check boxes are coming."

I thought you would like his statement!

I don't disagree with you Add re FN. But can anyone put their hand on their heart and say it won't happen again given that satisfactory answers weren't forthcoming? No, we can hope that things are better and that FN's recent DD is a positive sign that things are better and that we are unlikely to see a repetition.

That doesn't remove the element of doubt which I still have.

PBOW, yep, they fired the guy. Had we been given more information I would be able to provide examples of remedies. We don't know what happened, hence my watch and see approach.

Add, saying that I wouldn't put anything past them is not coming down on any side here. It's a none committed statement because anything could happen. The 4M is still missing, fact. The company have done nothing to recover it, fact. So, anything could happen here because they have form.

I am an Electronics Engineer, specialising in RF Engineering. I am a practical person. I am not going to overlook the missing 4M just so that I can arrive at the conclusion that all is well now. Had they dealt with the missing money to the benefit of shareholders, then I would think differently. You guys are just assuming things are better now. We can't be certain either way. Fingers crossed no more money will vanish. You already know the low esteem I have for Scott. So, I won't put anything pass the company which carelessly lost our money.

I believe that I have replied Add. I would not put anything past them at solg. I have nothing more to add. I just hope that we don't have a repetition. Of money going missing.

Not really PBOW, I am using it to demonstrate to Add that it happened, and that solg are not entirely straight lace. If that happened, then I would not put anything past them, and it could happen again if the proper checks and balances haven't been overhauled since the 4M went walkies.

Add, I am implying no such thing. I am saying that based on past behaviour, I would not put anything past them.

I am curious why FN wasn't put off by the missing 4M however because it shows cause for concern and that they are not good money managers. I invested before the 4M came to light. I would not have invested if that had happened before I invested. We are now residents of hotel California with Scott The Rocks Caldwell telling us that we can check out any time we want, but we can never leave!

Sorry Add, ordinarily I would agree with you if solg was listed in the USA where they severely punish insider shenanigans. Warren recently did an interview where he indicated that white collar crimes are not punished in Canada, re BreX. Is Woodford doing porridge for his failures here in the UK?

No one is serving time for trousering the 4M, so I say again, anything is possible with solg. In that regard I would not put anything pass them and Mad Jack has a point.

Read back through my posts Add, I don't recall writing that there's no requirement to disclose. I wrote anything is possible and that they haven't always followed the rules of disclosure. I think that you are confusing me with someone else.

Add, the disposition of the 4M, and DC's settlement to name but 2. I am sure if I dig I can find more examples. However, the 4M is the most galling because it looks shady

Add, the link is that anything is possible with this company because they haven't always followed the rules on disclosure. So arranging a deal and not telling us is not beyond the realms of possibility like they haven't told us where the 4M went!

Add, while I think that BBG/Jack is in desperate need of a medical intervention, anything is possible with a company who still cannot account for 4M of shareholders money. Hence, Mad Jack's assumption here might nor be so far fetched.

I hope that you are right re BHP and Cascabel Jack.

But I won't hold my breath given your poor track record of events not panning out how you called them!

I copied the article just for Jack:

BHP doubling down on organic growth with ‘Plan A’

BHP CEO Mike Henry

28th August 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

The world’s biggest mining company, BHP, is sticking with its ‘Plan A’ of growing organically, CEO Mike Henry told investors this week.

“We have been clear throughout that we are not driven by M&A [mergers and acquisitions] at all. Plan A for us is to grow organically,” he says.

Henry stresses that BHP is not going to be pressured into acquisitions. “We’ll be opportunistic about them, and we’ll only pursue them where we can see value being unlocked for BHP shareholders in absolute terms.”

Reflecting on BHP’s £38.6-million bid to buy Anglo American earlier this year, Henry notes there was “certainly” an opportunity for BHP shareholders, but with Anglo shareholders choosing to pursue their own strategy, BHP has “continued with our Plan A”.

The commitment to organic growth was evident in BHP’s results presentation this week, where Henry outlined plans to double copper production in Australia, while continuing investments in South American.

In South Australia, BHP’s strategy aims to ramp up production to 650 000 t/y by the mid-2030s – up from the current output of between 310 000 t/y to 340 000 t/y.

Beyond Australian growth, BHP has made significant strides in narrowing down its expansion plans at its Chilean copper operations. At Escondida, Henry sees the potential for an additional 200 000 t/y of copper production. BHP is also exploring the expansion of the concentrator at Spence and extending the life of its leaching operations. At Cerro Colorado, 1.7-billion tonnes of inferred resources could justify restarting operations.

BHP has also strengthened its copper portfolio in Argentina, acquiring a 50% stake in the Filo del Sol and Josemaria copper projects.

“I am hoping that the meat we are putting on the bones of our copper growth prospects through the presentation and an upcoming site visit to Escondida will give everybody greater confidence that, when we talk about Plan A, we actually mean Plan A, and that plan is pretty attractive in its own right,” Henry concludes.

Edited by Creamer Media Reporter