Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
With the votes so close it is clear there are already a few II's out there who voted against him. the other II's will have seen how close the vote is...Roger is gone...next is Nayan...tic toc tic toc
That may be true but it is clear that Nayan is not a positive impactor of SP. So now Gary has his feet under the table and also the complaints table after his two day stint it wont be long for him to realise he need a CFO which will draw back the II's.
Don't you think?
If he concludes that then he has to do what he has to do...fire Nayan
Fellow investors...its clear we need a new CFO as the last one narrowly scrapped through and has no friends in the PI's or any clout with II's.
We need a new CFO quickly and I think Gary knows this ( if he doesn't which I doubt...then let this post make it clear...all thouse in favour say "AYE"
Thats okay...we cant all agree on everything...then everything would move as planned.
We can agree to disagree. No probs
But joking aside...I am impressed with what I have seen from Gary and I have been in the corporate world for over 33 years as a ACA AND FCA...and I know bull****ters from the real deal top guns...IMO Gary will deliver!
Haha....Funny that...I don't drink but I go to the gym and my mind is clear. IMO is see 15p imminent due to the pace of changes which incidently i think Gary has been lining up in the last two months...so I do expect CFO to go soon. That in itself will raise the share price.
So justification ...none...but hey all stockmarkets should be in the ****s right now due to covid and the real news which is yet to sink in...jobless and GDP sinkage. What do I know?
I think 15P is being lined up.
Do you think...
CFO replaced
Started lending
Agreed with FCA on non genuine cases and release of provisions back to P&L
Backlog cleared
II's starting to buy back
should do it?
Woohoo... Naynesh Patel sounds like a good shout... a fellow Patel :-) and a west sussex lad like me :-)
time is ticking for current CFO and once the goes RNS announcement the SP WILL RISE FOR SURE!
There are some big buys going through 268,461 for £30k etc...large retail investor or small buy from institutional investor...they are the value in the board changes and Gary. They know they have a winner here and its a good medium to long term hold for 10X.
So I reckon Gary will want to speak to FCA ASAP ( after two days with complaints department) and look for get some sort of nod that the non genuine claims can be squashed and closed. So even thought these are a "majority of claims" say we only consider 20%.
20% release of £116M provision = £23.2M release to profit and with 475.33M shares thats 4.89p per share. That would take the SP to 15P. Thats a 36% jump on today...so why would anyone buy and sell...buy and hold and expect at least 36% which should be reflected in todays SP!!
Just bought 44744 shares £5k...putting my skin in the game :-)
Like I said my my post yesterday...Roger will go ( sooner than I thought) so all this was planned behind the scene in last few months!
Next will be CFO which is only a matter of time as Gary knows that will have a positive impact on SP with existing shareholders!!!
My stance is now buy on dips and HOLD .... SP will rise...not going to predict by how much as I know it will be a lot more than it is now...the shares are 84% down so pick a % which is good for you for your exit. Happy days
This news is like electing the owner.. that would have sent the sp to 15p....dont understand why this is not increasing more rapidly?? maybe in the afternoon the American will do just that. We should not sell..that will raise the SP.
Yes with alot of claims jot being genuine can anyone remember how much they reserved at year end?
if we take 20% of that figure (should be a lot more but lets keep is absolutely real and low) divided by the number of shares then the share price should go up by atleast that on this RNS.
For me the new CEO message speaks volumes and because of his connections and relationship with FCA he will quickly look to start lending AND remove the un genuine claims and release the those provisions back to profits to help DELIVER better results for shareholder value!!
MM's need shares....so if to don't sell the price has to go up. Set a higher exit order and the MM's will quick try to get to that price to secure the shares.
Firstly, The CEO RNS is good news and something I would expect a true leader to put out. How else will he communicate his viewpoint.
Secondly, his track record with the FCA and three company turnarounds speaks volumes. Also...per his note quite a few claims are not genuine and so he will need back to run these by the FCA and if agreed throw them out. That means the provision they have made can be released to the P&L..i.e. profits which increases earnings per share. Another positive for the SP.
If he is worth his salt he will have seen the lack of confidence in the CFO and other other director. He will source a replacement and have them in pace before he kicks them out....All these things I expect to see in the next three to six months.
Where will the share price be? I don't have a crystal ball but I am a lot more confident with the new CEO at the healm.
Thats my two pence worth. Don't sell so the MM's have to fill orders from institutions vis lower spreads and higher SP.
FOOOOOOOOOOOOMOOOOOOOOO
I am starting a new disruptive business...Loan your kids out to couples who have none to see what it is to have kids. Parents log their Kids and for that we will charge a consultancy fee payable up front.
When someone loans the kids for the weekend or summer etc they pay us a fee 10% and the rest goes tot he parents.
Looking for a cool million...any LSE get rich quick backers??
I promise to issue RNS every day