Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I do wonder what you think of yourself. I think most people would be quite embarrassed if they wrote the sort of non stop negative / wind up posts that you do. You only get one life and it's fairly obvious to most adults that you get out of it what you put in. At the moment, it is not only tedious but somewhat sad that you feel the need to continue your vendetta against this share. So much wasted energy. Why bother? Obviously this will have no bearing on your behaviour, it is merely an observation. It's never too late to change and work on one's self. Just my 2c.
Thanks for the update as always Neil. Great to hear from you
Can I make a suggestion? Why don't you email Dave directly to clarify what the terms are? You are the one who is desperately seeking the answer. People have provided their opinions and yet you still disagree. Seems fairly straightforward that the only person who can clarify all for you is Dave?
Hi Mickey I was simply posting Lazarus' very balanced post from hot copper. I didn't want to edit any of it so please ignore the part about Oz shareholders not being able to attend Good to see you posting again
That said, there are a couple of reasons that support the Oct 15 motions (in my mind): If the SP growth tranche is actually 200% growth per year for each of the three years then we all win. Though note the points above as to timing (pre vs post farmout) If the second and third tranches deliver within 12 months (which will automatically achieve year 1 of the SP growth tranche), then it is definitely a worthy 'reward' for management. A reward which is difficult to give ex-post. The dilutionary impact of this (if rewards are vested) is negligible. If DW does not deliver he gets nothing. So...am sitting on the fence ...waiting to see how things develop. At the moment....in terms of the forward plan - the only thing that we know will happen is the Winx drill in mid Q1 2019. there is no money to do anything further. HRZ horizontal flow testing is contingent on an HRZ farm-out. So I don't see the point in anyone moaning about that. If the HRZ is successfully farmed out, that means experts with more insight than you, I or the expert friends we consult with, have determined it is worth investing in further. Good enough for me. Till then (YG aside), the focus is on farming out IW conventional. I am hoping that the absence of any drilling plans on the forward plan is more a tactical approach from the BoD to alleviate any sense of 'desperation' or urgency that Tier 1 farminees may seek to exploit. I can only imagine that once a farmout is concluded, if the drilling permits are largely in place and ice/road equipment and drilling rigs are available, then they could kick-on this winter. Especially with the leverage and resources of a Tier 1 partner. I hope. May put the performance rights palaver into perspective.
This in my opinion is a very balanced summary regarding the possible renumeration courtesy of Lazarus on hot copper (a well respected poster): Some of the reasons against: We are at about 75% off post IW1 SP highs, and the SP growth tranche is vague as to whether the performance target is 200% growth over three years or each year. Massive distinction for me and most likely a vote swayer. My inner 'negative nancy' is telling me that this is structured as a 200% growth in year 1 (which would still be short of post IW1 highs) and a SP maintenance incentive for years 2 and 3 after this. Which takes us to the year 2021. We are at pre-farmout and the 'free hit' to achieve the SP growth target if we get 1 or 2 farm-outs, make it essentially a performance incentive for actions which have already been set in motion. A more shareholder aligned approach could be (as an illustration) pre-farmout 500% year 1 target growth and post farmout perhaps the 200%?? Given the perceived disappointments of the last 12 months or so (as evidenced by market sentiment), it is not a great look to be lining up an additional reward system before shareholders can see light at the end of the tunnel. The forward plan released days before the General Meeting notice announcement, released info that I believe most company watchers would have considered to be a delay: IW conventional (post 2018 farmout) not being drilled till 2020. My experience of performance incentives is that they are a combination of carrot and stick. However, this one appears to be all carrot and no stick. When i say 'stick' I don't mean the nuclear option as suggested by some...as that is less stick and more guillotine (implying final judgement). By stick I mean some penalty for failure and that this should be on a similar sliding scale to the reward side of the equation. Examples I am familiar with are based on an estimate of total fair compensation for doing your job....then (say) 50% of it being at risk if you don't perform/deliver to expectations; 100% given if you meet expectations; and (say) 300% of it being available if you exceed expectations. That is how management incentives are aligned to shareholder interests. And on a slightly petty personal point....I do believe that this is something that should be floated and discussed /explained to shareholders. I don't know whether this was done in London...I await the video of the Q&A session....but we 35%'ers in Oz do deserve the odd attempt to hear about our investment too. Not in Perth (unless that is where most Oz holders are based) but somewhere on the East Coast more readily accessible. That said, there are a couple of reasons that support the Oct 15 motions (in my mind): If the SP growth tranche is actually 200% growth per year for each of the three years then we all win. Though note the points above as to timing (pre vs post farmout) If the second and third tranches deliver within 12 months (which will automatically achie
You sound hysterical. You have made your point loud and clear. You will be voting no and are advising others to do the same. Did I miss anything? Good. Take a breath and you might realise at this point you are simply talking to yourself.
They are definitely working overtime at the moment. Absolutely zero credibility and an embarrassment to themselves. The whining is quite astounding. Just sell up and move on. Actions speak far louder than words but no, they won't attend the presentation to ask Dave these questions and choose to keep blaming anyone but themselves for their investment decisions. Take some damn responsibility for Christ sake
Db I thought you'd gone forever and made your millions in crypto. You normally do make a point of saying so. One would have thought you'd be a little more accurate when quoting past share prices of 88 though. Anyway, best of luck of you're back in
No, just subtly deramping :)
You have a very unhealthy association with this share and the people of this board. No one cares if you are right or wrong. Grow up and move along. Trying living your life a little. We are all adults and can decide for ourselves where to put our money. The fact you need to constantly keep creating new accounts to post your nonsense says it all. You should seek some help and that is meant sincerely
Looks like they're coming for you again Jiddy :) Usually a good sign
Yes it's called investing in a junior oil exploration firm... Worth very little until pen meets paper on the all important buyout. Until then, worth very little. But if course you knew all that... I'll let you get back to stirring the pot
Nice to see you posting again Rigger ;)
Can you please email Dave directly as this really is getting quite tedious. No one here is able to answer these questions as you well know. The one who can is Dave. Talk about a broken record...
Phrontist I'll apply the same logic used with Lefty. You seem to be repeating the same message which if I have heard correctly, is you feel that 88e should set a date to produce oil. I think we have got the message. Is it necessary to keep posting the same message? I think we understand your perspective...
A very much deserved blue day (finally)! Enjoy the weekend everyone and don't forget about that 50% upgrade...it's coming together :)
So just to clarify, you would rather not have more information to base your investment decisions on? You would rather less communication from the man in charge? I'm pretty sure I could imagine what you would say if there was a lack of communication and the SP was dropping...
Sounds like oil exploration isn't for you. Chin up and move along.
I certainly agree with some of what you wrote but don't understand why you will not share further? As I mentioned earlier, the note info the better. I also fail to understand where I have stated I am not prepared to discuss anything negative? I am more than happy to do so, it may will shed a different light on something and cause me to rethink my investment. All serious holders are willing to debate and listen to week thought out arguments irrelevant of their sentiment. I am sorry to hear about your son's you situation however I do believe that 2019 conventional drills will be a success. If I didn't, id be long gone.
So to clarify, you received an email from Dave staying everything was fine, then they shut the well? This implies mistrust in the management? Is this what you are stating?