RE: Who31 Dec 2020 13:23
I suppose the only bit of delight I get from it is that some "know it all", who likes the filter button and classed me as a deramper because I criticised the BOD for the capital raise at 12p, posted this on the 12th Nov. Their post also got 10 likes (probably from all the rampers)
"So isb believes this will be 15p on Dec 31st and whinged on about not selling a while back at 16p - just confirming I made the right decision Filtering him/her."
Perhaps that person should accept other peoples opinion and stop using the filter button on anyone who disagrees with them. Likewise with the circa 10 people who liked that post. It didn't age very well did it!
Having said all that I really do want this Amapa deal to come off so I can get out of this share at somewhere near my breakeven, the only reason I put 15p is just because I don't believe a word that comes out of Kieran's mouth and the performance over the last 6 years. Nothing has given me a reason to believe they are going to pull this off. Not even the RNS saying that everything has been agreed, as until the contracts have been signed nothing has been agreed. Someone else can always come in and pull the rug from under us and the banks won't give it a second thought.
Yes the last 6 mths have shown a growth, but that is due to a lot of new shareholders getting on board due to the hype around Amapa. However, I don't think most of them know the history and realise that Kieran has not delivered on anything. He has even completed failed to hit timescales on Amapa. Yes timescales slip, but more than 12 months is taking the mick.
Remember everyone around Sept19 Kieran was saying that the ore would be shipped in Dec19, that means he was expecting the 20% holding to have been completed by Nov19 at the latest. Was he that naive in how long the negotiations were going to take? He then stated several times it would be Jun20 - why do that? unless of course it is just to ramp the share price along with the constant tweets about iron ore prices and Alan Green interviews.
It's time for him to get this done and no more bull!
If he doesn't and it goes tits up then all those bragging about being in profit will soon find out what it's like to be trapped in a share as the SP will plummet back to 4-5p, unless they get out quick enough of course.
And for those who say, but the directors have bought in so they would lose out. Would they? They have just raised another £800k - that should cover their losses!
Let's see what waffle comes out of the AGM shall we and what questions they actually answer.
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