Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I’d not be surprised if Pete’s simply found himself in very familiar territory. An Airport Authority likes the concept - but Governments unconvinced.
Broker/Pete’s 15m rev’s starting to look like a fantasy, unless something radical happens, for the first time in a decade.
I won’t be surprised if DRC is still pending come March. After all there’s another African opportunity somewhere, that’s still subject to a ‘reorganisation’ - joke.
But hey, at least, as you say, Pete lives on with his accumulative debts cleared.
“Days or weeks, not months’ yeah right. Wrong again!!
…and if ratification is a formality (nothing in Africa is) - it’s a painfully slow formality which is probably six months old already.
…Pete might be able to cloud the issue/placate with troops on the ground in DRC - but I don’t think there is any chance that op’s (as in Tema) can commence with government consent, in the form ratification. The Government evidently don’t care what Pete agreed with the airport authority. If a month or two here or there doesn’t matter now “days or weeks…as opposed to months” was (three months on!!) wishful *******s - and what was the point in putting timescales and contingencies in a contract if they all get ignored. The contract becomes pointless. “Can’t be unsigned” I don’t get - it’s still conditional upon ratification - and that hasn’t happened as Pete and the AA anticipated, not by a long chalk.
Isn’t the ambiguity, ineptitude and multiple missed deadlines. I just can’t believe that IF the Chinese are on board, that they are prepared to be dicked about year after year!!?
They’re not investors - they’re opportunistic financiers/flippers.
Fiduciary care is rarely experienced in AIM. The majority of listings are loss making ‘ventures’. CEO’s rarely give a toss about investors. The Nomad is on the payroll, the Chair is normally a mate. GL.
But, of course, the sensors themselves aren’t a recurring purchase. I imagine (like everything else we sell) they’re expensive and we p to probably knock them out with very small margin. Beyond that Star collects and keeps the whole SaaS payment in order to fund the monitoring service. It’s this recurring income that makes supplying the hardware commercially viable.
Just have to hope that CropX sticks with Star.
I’m being a bit of a hypocrite - ‘being a miserable old scroat - I regularly fall foul of rose tinted bulls. AIM BoD’s invariably disappoint and thus my pessimism/realism is more often than not, justified. Else I’d be picking brilliantly every time and be embarrassingly wealthy!! ;-)
…and “told you so” goes down even worse.
I know Rids and I’m content that he is an ever hopeful, similarly frustrated and vigilant LTH. I wouldn’t say the same about Ken’ - I don’t know Hunky or the history there.
I understand that folk get irritated if (position) posting is inconsistent. Doubleheadedcoin (there’s a clue) was the classic!!
But ultimately if we (my perspective) have a grouse, it should be with the company (I accept that these are difficult times) for failure to deliver - not with the pratting about of insignificant traders.
The CEO thought that 2021 would be great - half way through H2 and nothing. That puts a question mark over his judgement/output, for me.
Some(one?) stepped out this morning - for less than 10% probably. They have a different agenda/modus’, expectation - and hopes to me. So I don’t give a to$$.
I’m fed up with NDA’s and need to see a flow of this pipeline materialise in the form of juicy RNS’s. A single success will be seen as that and might produce a decent spike. Multiple RNS’s are required to convince the market and support a sustainable rerate. They are running out of time.
I’m hopeful rather than expectant.
Well, somebody jumped. Who gives a to$$.
I don’t want my previous comments misconstrued. They apply to everyone. In my view due diligence involves contact with the board - then believing about 20% of what they say ;-)
I know Rid’s and am content that he is a LTH and ever hopeful that Star will shine one day. Hope is a human condition especially when money is involved. That the BoD haven’t delivered on that hope, isn’t his doing.
Endless posting on ITrack India, how many containers are congesting the ports of planet earth, or Russian procrastination - are tenuous and unnecessary. We know that Star is staring at massive addressable and very topical markets - and failing to take advantage of same.
The grouse for most investors should be BoD failings not fellow investor/trader patently pratting about.