Member Info for faramog

$1.5m in savings (at 4,000 mtv) works out at around $2.6 cost saving per KG ... so 7-8% cost reduction ... that is real focus.

CC said in August that the company had to focus on its core and get smaller to get bigger .... I suspect he knew in his first week what needed to be done

Clearly FM ran a fat sloppy ship (please, no more FM was a great man of vision guff) and Watson & the non-execs need to go as they were clearly asleep at the wheel allowing it all

Maybe @PD101 had a whisper yesterday about this !!

Mantashe LOL

That would be why the SP is falling again then

As I said .. that is not.. what the company told me ...

Fun as though this is, you clearly have a problem reading .. I have not said your 'accounting stuff is wrong'.. I have said that is not what the company told me it did !

I don't give a stuff if you agree or not .... end of this

Hey Trev .. go download the 22 audited accounts .. all there

Awww .. bless ..... as I said ... you keep making it up chuck ... no need to worry, this is an inclusive board where we take everyone no matter whether they smoke cigars or dibble

That reduction of 4% is sure gonna loose a few quid !

Oh right .. stop the press ..... look guys .. a new ramper .. fresh meat !

Like what posted where ?

And no .. I did not misunderstand the wording .. and no .. I am not posting private correspondence with the company

I don't give a stuff if you think differently or not, but what has been clear is that stock (cash) pile was used to prop up the business until Orion funding .. presumably in the hope they would not notice.

The response and words of CC in his first couple of months rather pointed to finding a right horlicks and if Tanya had not helpfully compromised herself I doubt she would have been around much longer

What utter garbage TB .. when costs are accrued and profit taken can be in two separate years .. you are still making it up

Ladybird book of Accounting 101 for TB anyone ?

He Trev .. 'woukd have been' is your guess

The company confirmed to me what they actually did... Costs were applied in last year's loss making accounts

Ergo.. most of the sale price would be pre tax bottom line

But you carry on making it up

Well, the failed fund call was after I submitted my questions, but I suspect CC will talk about it anyway

12 Noon Tomorrow

I do wonder whether to post some more .... is Fortune still hanging about and if so what value has he got... anyone seen MN ? .. is he still just reposting LinkedN stuff and polishing his powerpoints ... Has the chairman woken up ?

@Andrew... The 'massive' inventory stash was circa 800-850 mtv at the start of the year (cost accrued, so aside from shipping costs, pure bottom line) - this was confirmed by the company in an email to me

By FM's last session of blowing smoke, about 60-65% of it had been sold down and at that point it was clear he had pretty much misled us all .. he left shortly afterwards....

So Inventory will not be high, the company does not have the cash to stockpile it

Well @marc001 ... "I personally think they have filled the full £2m, or extremely close."

You were close ... but no cigar !

Can I have this weeks Lottery numbers please ? (so I know what not to pick and increase my odds)

I doubt that .. the cost of the raise probably eats much of the 74k

So @SideshowB .. you go from 100m (it is not) debt to 150m (soon)

Please explain your numbers as clearly I have missed something and in need of your experience in these matters

Politely then .. go get your figures and facts right first off .... don't be lazy .. there is plenty of material

Hey Cinders .. I have not lied .. I dont trade... so no idea who you point that barb at

Hey newsflash Cinders ... you can also take a lesson in reading posts less selectively !

And as for whether you feel something is rampety-ramp-ramp, I don't remember all your fake outrage as the vase Pdub posting history of much the same .. very positive ...

Shock-Horror .. a PI invests to see a return and leave !!!