Member Info for Eloro

Surely the same 4 years would also apply to option A?

All other things being equal.

Actually, if we wait another year, still not sold, no one would want the poison chalice then.

Add, so the choices are:

A)Give Scott 12 months, and if he hasn't sold solg by then, we vote him out. We will then spend another 6 to 12 months to find another ceo, and then wait for a bid.

The SP will only fall from 8p towards 0p. Severe dilution to keep the lights on.

B)Vote Scott out now. We spend 6 months to a year to find another ceo, and then wait for a bid. Meanwhile, dilution to keep the lights on, and the SP would likely fall from 8p towards 0p.

The time line for option B) would be the shortest, 12 months Vs the 24 months for option A).

SP falling and dilution would be the same for both options. Psychologically, the SP falling from 40p to 7p was more harmful than the fear of the SP possibly falling from 8p to 0p.

Folks now have their choice of A) or B).

"There just biding their time, with grins from ear to ear."

Nincompoop Aussie Loser, at least I can tell the difference between They are/They're, There, and Their! Yet again you wear your illiteracy like a team colour and your lack of intelligence like a badge of honour:)

Cheers DBW,

I subsequently saw Warren's twitter response.

Bozi, you have made some solid points. Scott is the ceo. As such, I am sure that he can light a fire under Dan re the phased pfs. Otherwise, why be a ceo if he cannot hold folks accountable?

I hope that I will be alive come December 2024 to read your posts in the event we are still here guessing. Better to find a more capable ceo if we will still be here guessing in 12 months.

As for the SP going lower. I repeat, it cannot get any lower. 8p to 0p is nothing when compared to the plunge, decimation of the SP going from 40p to 7p. I no longer fear a falling SP given where we are now and Scott doing nothing to address it. The only consolation if we do hit 0p would be him also sitting at 0p with us. Folks should be left to vote as per their conviction. I know that I will.

Halifax hasn't sent my voting form through as yet. Last year when we had the postal strike I had to telephoned through my instructions. I will give them 2 weeks and if I don't receive it, I will telephone again. I am still hoping that we will have some positive news in the meantime.

DBW, I saw your query to Warren on twitter re the end of Q1/24 bid. He has moved away from his 6 months statement and has now left it open ended. Perhaps he has been drinking with Scott and decided to follow his SR scheduling example. My new year wish will be to be put out of my misery here.

Warren tweeted that the DDs should be near completion. There is no certainty that a bid will result from one of those DD. They could all walk away. However, the chance of a bid is certainly higher after a DD. Can't be long to wait for us to know either way.

I have heard of a politician being called the father of the house. Now we have TI electing himself as the father of the solg BB!! Now I've seen it all:)

Cheers Add,

Warren previously indicated that he expected a sale within 6 months, which put the date to end of Q1/24. Be interesting to know if he still believes that time line is achievable.

Go easy on Red guys,

I would much rather read his posts than those posted by NAL.

Red, I have to keep a sense of humour looking at the current SP. I haven't had the courage to tell my wife how badly our solg investment is going after I previously persuaded her that it was a good bet because they already found a resource. Fortunately we have a comfortable sofa:)

Red,

I am saying that I haven't got a lot left to lose should the SP falls to 0p. I have pretty much been put on life support when the SP fell from 40p to 7p. 8p to 0p would be a mercy. Turning off life support so that I can pass gently into that long good night:)

No doubt your epistle is aimed at me TI?

Tell me, why would I bother to keep sending emails to Scott after I have lost confidence in him?

Surely my stating that I have lost confidence in him should tell you that I no longer take seriously anything he has to say. I will perhaps change my mind if something positive happens leading up to the agm

40p to 8p, I would say that the SP has already been hammered Red. 8p to 0p won't be as bad as watching that massive plunging in shareholders value which Scott had promised to create.

True enough Red re cost cutting. Unfortunately the market hasn't applauded him for that.

I read the rns regarding the discussions with a number of highly credible groups.

20 active CAs.

And 5 groups having completed site visits with a number of follow-up visits being scheduled.

It would have been nice to have an update before the agm.

Red, firstly, I have not been trading in and out such as your good self.

Secondly, you and other folks keep talking about the SP falling. 8p to 0p is not as bad as 40p to 8p. So how worse can things get? Scott certainly oversaw the SP falling from 20p to 7p through his failure to deliver.

What would I have done? I would do what I said I would do. Scott said what he will do, and hasn't achieved much except for the falling SP and a never ending SR.

-Jv the regional.

-Repair the relationship with BHP rather than always reminding everyone that they voted against you.

-Put an end date to the SR.

-Auction the lot rather than wait for it to be nationalised.

End of the day, we are all here guessing. I feel terrible watching the SP going from 40p to 7p. So, I won't feel any worse if it goes from 8p to 0p.

Add, the only person who replied to my email is Bob. Scott didn't bothered to reply. Bob is pretty much saying the same things as you have posted. However, Scott is the ceo and I have lost confidence in him. The 3 years is how long I have been invested here. Yes, I had my chance to leave at 40p, but believed that with the new management team, we would be sold. That hasn't happened. Worst of all, even Warren has lost his previous enthusiasm. Just watch his body language these days whenever solg is mentioned.

As previously stated Add, I appreciate your pragmatism. Like Fort eloquently stated, they've burned through the cash with little to show for it. I have lost count of the months, if not years, since the company indicated that they would look to do something with the other concessions. They have done nothing to bring money in and are taking us for granted that we will vote for them and accept raise after raise. I am disappointed that we have had no news leading up to the agm. As far as I am concerned, things cannot get any worst than they are already and they are expecting us to vote for more of the same.

I feel that if we don't show our displeasure, we will still be here in 2025 no further a long. All of the reasoned arguments put forward when Cornerstone took over hasn't led to any meaningful outcomes. I would rather see things get shaken up than passively wait another 3 years for more of the same.

At least SM, the SP falling from 8p to 0p is a lot less distance to fall than the 40p to 8p which we have already endured and none of the wise pontificating here arrested that fall.

Guys, if I was young, I perhaps wouldn't object to spending another 3 years waiting. So far, 3 years of waiting, late PFS, muddled fund raising, and now mudfled SR. I don't understand how some folks can be comfortable waiting and waiting? If everyone are comfortable waiting another 3 years while guessing here, then so be it. I should be happy to leave at my break even price. Sadly, that price isn't 8p.

I don't mind being called whatever label cones to mind. I don't believe that you are all happy with the terrible SP, aside from the long timers who bought at 3p.

Only folks who need reassurance will need to email the company. Folks who have made up their minds based on the principle that past behaviour being indicative of future behaviour have no need to email the company. What are they going to say rather than the usual platitudes?

DBW, I am struggling to see what Scott will be able to deliver in the next few months when hasn't delivered much in the approx year since he became ceo!!