Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Change of name from NCT
But i wish i wasn't, been holding these for over a year and have traded this before. I have been to some of the presentations previously and have met with ZK also and had some conversations regarding the business. I must say the BOD do not respond to any communication at all, the information given out via RNS has been misleading in my opinion and the company clearly do not give a damn about their shareholders. Seriously considering taking matters further regarding this company and its BOD!
Rig is now scheduled for delivery in 2016, this company is now becoming a joke and neither anyone from the company nor its advisers return emails? Extremely unprofessional and thought i smelt a rat months ago. I will still hold but i am far from pleased, may average down and then sell out at break even.
Is that this Rig was supposed to be delivered in Q3 2015. We've always been been advised that we were ahead of schedule and in the link below kindly provided by akramms, the delivery date is also August 2015. There are clearly contradictions going on here from the company and its partners, it is also impossible to get hold of anyone at AMED and emails are never replied to. Don't get me wrong, I'm a holder here and have been for a long time. I know this can move when good news is released, particularly due to the small free float of shares, but i have personally met Mr Karim at an investor evening a couple of years ago and remember thinking to myself then that he was a bit of a wheeler dealer type that didn't have a full grasp of what he was talking about. The constant silence from the company and utter contempt for the PI shareholders never bodes well in my book and I'm sure for many PI's. Based on what is in the public domain and that has been released by the company via RNS, it seems to me that this project has overrun.
Dave, agreed. I have been trying to find one thing out in particular. Why would Zafar Karim spend £20k buying those warrants from another party at 1p when he could have spent that same £20k buying on the open market at around 0.35/0.40p? I note that RNS was issued a few days after the RNS notifying us that warrants were issued to Mr Lau also at 1p and that the company would rather "reward" the directors in this way rather then huge salaries. This does bode well as Mr Lau was awarded in the region of 250m shares taking his holdings in the company to circa 7.5%. All positives if you ask me but still bugs me as to why Mr Karim bought those warrants rather then buying on the open market as it would seem that in back in March (Q1) directors would still have been in an open period, now we are in Q2 one would assume they are now in a closed period. I presume that the warrants were issued @ 1p and Mr Karim bought those warrants priced @ 1p as we will be back to those levels in the not too distance future.
This should begin to move north shortly
Yawnnnnnn.................
Whistler51, I mirror your frustration with communication from the company. I too have sent numerous emails to the company and their advisors but have received nothing from the company and the standard "we cannot comment" from the advisors. However, after recently buying back into AMED a couple of days ago i truly believe we will be seeing an uplift from here. GLA
Things are about to get very interesting here. Can riders please ensure they keep hands and feet inside the carriage and enjoy the ride.