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Sadly, in the stock market - price is the judge and jury.
This one is down 80%!
To argue that somehow the company is better off today is like being the doorman at the Ford Theatre April 14, 1865 and comforting Mrs. Lincoln by assuring her that the play was indeed very good!
And as an aside you have been heavily diluted since then so are you saying that by not embracing a course correction, riding the shares down 80% and taking some heavy dilution shareholders are better off than they would have been with this group that supposedly wanted to get the company "cheap"? at a time when the share price was 4-5 higher than it is now. Did you take any maths or logic courses at university?
You just proved my point. The company was not cheap then, it is down 80% since then because you and other lemmings could not recognize a course correction was necessary.
No one was trying to get the company "on the cheap" Jennings wanted the company to go in a different direction that would preserve value.
That you can not recognize the difference shows you have poor understanding
On a pre split basis this company is up to 900 billion-ish shares and cw been there for all of it
no doubt will hit 1 trillion sometime this year, surely a life time achievement award for dilution in order for wood.
Someone wanted to get the company cheap. When Richard Jennings and others started pushing the company to go in a different direction last August time frame the share price was 4-5x higher than it is now so that shows you what orslega's analytical capabilities are as he cost you 80% if you listened to him these last few months.
will be good enough to let old cw get a placing off
when? co needs to update cash position and production for shares to have any traction. Another placing before autumn will take this to .08
And old CW and EG really put it to Mayan shareholders big time on Deloro……..not only did they use Company funds to benefit themselves.....but they then took shares in a real POS stock. PQE is not only built a track record of over promise (dare I say lie?) and fail to deliver. But even if PQE deliver late on the recent modest goals they seem to be choking on, the stock will do nothing. Because PQE loves to continuously dilute its shareholders like MYN.
Get away from both. Both shares will lead to nothing but losses and heartbreak.
Company will be out of cash soon I suspect and will likely be needing to top up cash going into the summer.
…...but here is the text from my 13 Dec post:
"Focus on Zinc Ranch? Some development on Austin Chalk? FH can’t be positive at this point. With PQE worth so little at this stage almost certainly a placing early in 2019?"
…..but swapping out over ride for incremental working interest at Austin was not a good deal.
A 1% of override is worth 2.5 to 3x one point of working interest, it has no cost responsibility and it has no liability.
Not a good deal.
Literally, MYN has made the opposite of the moves it would have made if it wanted the share price to move up.
This story does not have a happy ending. A small company will not be successfully run by committee. In fact what is required is the opposite: competent, decisive leadership.
This is what you get when you have a lawyer as Chairman. A lawyer without business experience. He thinks you focus on process. To the exclusion of all else. See, process is important. But not by itself. The company needs leadership, it needs investor relations, it needs decisive action to get things moving.
CW can not provide this because he is wounded and does not have the confidence of the market and he knows it.
Look back at my posts. I have been consistent and right. I called for the company to be repriced to shell status several times in the last 4 months.
I posted a few weeks ago that a turn around starts with new leadership. Look back at that post.
I hope some of the long time supporters like Ors and Helpful, whom I have the greatest respect for, will reconsider their support for the status quo management / Board. That is the only way these shares will start to recover.
More of the same (nothing) for a couple of months. Then a deep discount placing.
Hey, all of you who backed management at the AGM...….how are you feeling about the wisdom of that?...….
The course of events thus far tells you how it will continue to play out. The reality of failed companies is that a turn around always starts with new leadership that the market has confidence in. Not the same old guys trying to clean up their own mess. RichieBoy will destroy these guys in coming months. New leadership, because they have fresh credibility with vendors and creditors and plaintiffs can resolve things so the company could move forward in ways people who have been there while the problems originated just can’t. Right or wrong, the guys who have been there during the fiasco just don’t have credibility with anyone and credibility matters-especially when you are low on cash. They will be forced to sell PQE into the current low price environment just to survive. No news and late news usually mean bad news in these situations.
A hat? I thought he pulled those numbers out of his lower extremities?
Focus on Zinc Ranch? Some development on Austin Chalk? FH can’t be positive at this point. With PQE worth so little at this stage almost certainly a placing early in 2019?
The one thing this share used to have going for it was volume, it could be traded.....I think that is gone permanently. This is now a roach motel......you can get it.....but you can’t get out!
PQE can become a billion $ Company; but it will take 3-5 years