The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
I've changed my mind. I'm now voting against.
It might look like the coal is crap on the face of it. Carl and the rest of the i d i o t i c board of directors keep telling us "we have a world class deposit!" If its world class then why aren't people queuing up to buy? Price is not an issue as the price is set by the MMCZ.
I, however, believe they're selling coal via the back door and leaving us with nothing. The IR firm is St Brides Partners who have history in working with Plcs who rip off investors and shareholders and/or directors who lie and deceive shareholders e.g Anglo African Oil and Gas, VAST Resources, and now more recently Critical Metals are the ones who spring to mind. There's a common theme amongst St Brides clients - lying and deceiving shareholders and/or deliberately withholding price sensitive. Once is bad enough, but when their clients repeatedly lie and deceive shareholders, one must ask: are they advising these companies to lie and deceive shareholders?
And now Isabel de Salis, founder of St Brides Partners, is trying to get herself onto the board at TGR, probably to get herself a nice payday. Going forwards I will not be investing in any company working with St Brides or Isabel de Salis and I strongly suggest others do the same.
What other board is this?
Still no consistent sales from these r e t a r d s (allegedly) and now almost one year since washed coal production started. How much coal has been sold via the back gate I wonder? Over 1 billion tonnes, enough to last over 100 years, and these lot can't even sell a thousand tonnes a month? ๐ฏ
Tuffax, the Genius has done a disappearing act like he always does!
"I'm here to pump up the price! ๐"... "oh no, my pump is failing ๐ฑ"...abracadabra๐ช.... "and now I'm gone! ๐จ"
Well, we just have to wait and see if first revenues are delayed or not. Hopefully not!
Of course because this board of directors have no clue how to raise or manage their cash. Just look at how they raised the ยฃ1m last year - just terrible and no common sense was applied. Let's hope any placement / dilution is not too big and just enough to cover them until they receive funds from their first sales. We can live in hope!
The Q&A on the Hive last night was hilarious. Glenn Gordon getting all excited and giddy while ignoring the rule breaking of Fryer. Gordon was the same fella posting all sorts in the Contango telegram group for months including old articles of Carl Esprey and Andrew Groves. How convenient he now ignores the blatant rule breaking of Fryer ๐
If investors and shareholders sit there and allow a CEO to dump his shares quietly hoping no one will notice while his company do fund raises and puts out PR tweets and the investors and shareholders pretend there's nothing with this and completely ignore the issue, then don't be surprised when that CEO screws you over. CRTM might come good, it might not. But a CEO who doesn't even have the decency to explain why he failed to report his sells in accordance with PDMR is not a CEO I would trust. And no the FCA are not prohibiting him from explaining why he failed to report his sells on time. But then again dishonesty seems to be a recurring theme amongst the clients of St Brides Partners.
Disclosure? This is Fryer we're talking about. The guy who very conveniently forgot about PDMR reporting rules and waited for the FCA to catch him before he fessed up to dumping his shares.
Ah PR man again agrees to an interview with the serial liar Andrew Prelea. I'm very surprised your mate InvestingGenius, aka Mr B, is not posting here to ramp this. How much did you get paid for Andrew to sit there and spin his tall tales because we all know you haven't done this interview out of the goodness of your heart have you fella?
Another company represented by dodgy PR outfit St Brides Partners. CRTM, CGO, VAST and many others. Avoid all stocks where Susie and her grubby little team are involved.
๐๐๐ oh dear. You must be really, really upset BurtonD to keep having my replies deleted. Hilarious stuff from a so called PR expert!
have these r e t a r d s sold any coal yet? imagine waffling to everyone "we have a world class deposit" and yet no one is buying from you. what happened to the mnc?
******* i n g i d i o t i c r e t a r d s
Have you lost the plot havealot? Have you not seen the destruction of the share price over the past few years? I 100% back this new group. The Poddars have had plenty of time and opportunity to create shareholder value and all they've done is destroy it by being very greedy. Time to vote these charlatans out.
Anybody know where that piece of **** disappeared to? What happened to him? I know he took part in the original placing here at ELEG along with Mr Blowster aka InvestingGenius. I'm curious if Hogan is still holding is shares? Anyone know?
What's wrong Allen/Korriban? Don't like the truth? ๐
There some life here, but f*** me this is just taking so long to sell an decent amount of coal on a regular basis. Even selling 1000 tonnes a month is better than nothing, but they can't even seem to do that. More noise about potential offtakes.
Makes you wonder whether the quality of the coal is just so rubbish that no one wants it? I mean it's not like they'll run out of it any time soon if they were to sell 1000 tonnes a month. Just all round p*** poor.
fat boy russell cannot be trusted any more after he failed to notify the market of his sells in a timely manner. this is now a massive avoid. if you're invested you may want to exit now.
what is to stop this piece of s*** from doing the same again? what is to stop this pos from doing something else which rips shareholders off like a placing at a significant discount or death spiral financing? these ******s are allowed to do what they do and face very little to no consequences. maybe its time the ceos are financially penalised by shareholders some way, either through legal means or less honest ways ๐
because its quite clear the dimwits at the fca are way too busy twiddling their thumbs and staring blankly out the window.
You have no right to call me an idiot. I've been invested in URAH since last year. My investment in CGO is going terribly but you already know that don't you? Honestly I'm so sick and tired of people kicking me when I'm down. Why do it? Just because I've posted something that you don't agree with? I've been ripped off by a lot of companies over the years and companies telling me "we're going to do this, we're going to do that" and then they always miss deadlines. URAH were meant to be in production by March, but they missed that deadline didn't they?
I've been investing in the junior markets for several years and there's always delays when companies are trying to get into production, especially in Africa. I hope URAH do get into production soon and we all see the share price take off so I can recover my bloody losses at CGO. And after I do so, that's it for me in the junior markets. Way too much corruption and fraud, so I've had enough.
Peace out โ๏ธ
It won't be reached. There will be another delay. Always is.