Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Well Pdub .... he has never once bought any shares. He was given some shares as part of bonus arrangements.. but has never once bought any
So far to say.. he wont have changed his spots
Stop defending the man.. he ran the company into the ground and right royally screwed us all over. Not because he is necessarily bad, not because he did not spot a gap and had a great vision, but because he lacked the real attention to detail in mining operations and had no experience in solving the many problems.
I don't blame him for that - he gave it a shot and lived the hog on riding the vanadium spike wave.
I blame the Chairman and other BoD along with the big II/family holders who never called time early enough !
But we are where we are !
Yes .. a good point @HC .. but if a player wanted a large holding, then buying into the market might rapidly inflate the price, so swings & roundabouts ... just depends on where they see the SP heading and how undervalued they feel it is
I would guess an RNS this afternoon announcing the final numbers
Well HC .. we will see
Over-subscription is a key indicator of market belief I would have thought.. and Craig (plus other directors) are subscribing.
Whilst the extra dilution is a pain, the breakdown of the spend plan rather indicates that many upgrades will be covered and the sustaining capex looks to be for over 12 months ..... so irrespective of vanadium price recovery, the company survives, builds, lowers costs, increases capacity and becomes more stable
A very good base ..... given what CC has done in 5 months it rather shows how poor FM really was at the big table ! There was this much touted 'In Fortune we trust' mantra .. well, I never subscribed to that.... but gotta say I rather trust Craig ... everything so far has been pretty top quality: lean off, focus, survive, build
In all your very very many post @Beginerman, I note not one analytical comment .. you seem to just post jibes and find fault with everything ... why did you invest (assuming you have) ? What analytical criteria did you use (or was it you got suckered in by ra-ra and no feel bitter
@beginerman .. it is also the strategy of getting rid of drag, non generative elements and cash drains
the talk of disposal ignores the acquisition made as well (bee part of vametco). the net overall 'bushveld' production will be (back of a *** packet) 5% lower, but with lower costs, risks and admin costs
Nice one @Agricore
.. reminds me of Lionel's Big Picture (see 3rd Oct 2020 for the last post of it https://www.lse.co.uk/profiles/lionelgreen/?page=8)