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@ Halfman.
Never mind. It appears that you would have preferred a different diagnosis, rather than reading these boards.
You could always just leave.
Anyway. Good luck going forward with whatever you wish for.
I'm certain Matt Bull could have sold his holding (37 million shares???) above 6p, if he so desired. But he didn't.
Why???
Frustrating as this is, i'll continue to hold, with everything crossed.
@ Benbutton. """"For the record I know hold 1.2 million shares at a fairly low average of about 7p.""""
So layout of 84 grand. Would you agree?
My post to you. 3rd August 17.34pm. """"So by the same token, as a holder, you're a loser too. How much are you down?""""
Your response @ 17.41. """"I agree i am alot close to 100k""""
So you've lost more than you've invested in BMN? How is that possible?
I think you're telling porkies (that's lies) Benny boy!!!!
@ Benbutton. No deals for vanadium so """"we"""" don't make a profit.
Yet you continue to hold!
"""Fortune really was a loser"""
So by the same token, as a holder, you're a loser too. How much are you down?
@ Daninvestor
"""""The latter I do struggle to get my head around, if the grade is so good, low capex, future demand, personal board share investment, etc... are OK. Personally, have no objection to them concentrating of Patterson Resources (?) at the moment, if they keep the cash burn of ACP low, but only if they keep their eye on the ball wrt ACP.""""
This paragraph is what makes it all the more frustrating. Surely there must be more information to share with us? Two years since the ML was granted, and two bits of news.
@ TraderDan
2 RNS's in relation to Mahenge, since the mining licence was successful in september 2021, is really not good enough. In my uneducated opinion. I get that it takes time,but this is getting ridiculous. Are the drilling rigs in place now that the sites are prepared (RNS Feb 2023)? It's been the dry season for nearly 3 months. Maybe we should have been told that the rigs are on their way? The dry season is half way through, and still nothing.
And while i would normally agree with pointless RNS's doing nothing for the share price, silence is obviously not golden!!!! 85% depreciation since the mining licence news.
On another note: I tried several dummy trades from 1.4 million down. The first price i could get was at 0.95p for 50 grand. Less than 500 quid.
Nobody is interested at the moment, apart from the holders trying to average down.
@ DerekR
Photo in the letterbox, just before you push it through. No signature required. A6 size?
There have been no complaints from customers since we have been providing this service. The only issue came internally, when one postie didn't scan one item.
Pricing? No idea. But probably cheaper than SD, yet treated the same.
In my office, we have been delivering passports for the past 3 months approximately.
They come through as tracked, but are segregated and sent to the registered letter enclosure. The person in there will scan them ready for delivery, and they are sorted to the walk. The postie on that walk should scan them "to core route", but many don't. There is no failure because an "RFD" has been taken. All that is left, is for the postie to make sure the item is scanned when delivered.
A big thing has been made of these items, obviously trying to secure the contract. It has obviously met all criteria laid down, so well done posties.
@ Redceo.
But you still haven't replied to my post.
Do you think that if the exorbitant expenditure on management, through wage increases and bonuses, had been better managed, you may still have got some dividends?
When i say better managed, i mean treated like us posties.
@ Wayne90.
Good news. I wonder if they will be so buoyant, post revisions. I hear that 25% of MC day staff (23 out of 92) in my area will be culled. Let's see how much waste there has been.
And next week my rep starts the first stage of revision activity. The ADR has already said that RM want a lot of duties out of my office. Interesting times ahead.
@ Oli G.
I wonder what their overtime rate of pay is?
And i wonder if they do a full day?
Huge and NO!
@ Redceo.
If i'm not allowed to post on a BB that i'm not invested in, then please report me to admin. They can ban me for breaking the rules.
And yet again you skirt around the things that i have posted. Mainly, that the reason you may not receive any dividends is because of management, and the sheer waste of money thrown at them. At least disagree with me, and give a valid reason.
But if you don't like me posting, then filter me.
@ Redceo.
An owners union, what a good idea.
Maybe instead of whinging about posties, you could direct your anger in the right direction. And ask the right questions.
For example:
The 30% + pay increase in the past 18 months, for doing the same job. Nothing extra.
The bonuses attached for maximum attendance during IA, not including days off. And then given to all managers, regardless.
All managers should adhere to their start and finish times.
The complete disregard for the super tool known as SISO.
And of course, the big one. Why don't managers, manage? Or can't they, despite the huge pay rises?
It may be because of the "managers" that you do not receive a dividend. Their incentive comes within their wages, that the owners are paying for. At least they're running the company for you though.
An owners union? If this ever came to fruition, i might buy a couple of shares!!!
@ TMS.
Just because i can see many things wrong the company does not mean i hate my job. I've said it before, give me another 1,000 delivery points, and i'll still love my job. I will fail, and moan like f*ck, but it doesn't mean i hate my job.
Senior management are useless and COMs are set up to fail. QoS is shocking. My office is one of the better ones.
A quid 20? Why not. I see the volumes. I see the waste on agency and white collar workers. While RM persist with two of the biggest losers financially, a quid 20 looks on the cards. Get rid of these and reduce prices. Get the remaining managers to manage, or at the very least, do their time, and the share price may be maintained.
But this is all lies. Because it comes from a blue collar worker.
@ TMS.
Actually, i've never said i hate working for RM. I love my job, but the constant changes that may make my employment tenuous, gets on my t*ts a bit. No changes as of yet though.
I don't think it's under valued. The opposite, in fact. If i thought it was under valued, surely i wouldn't have a buy price of a quid 20? You do understand the difference between under and over valued, don't you?
@ Oli G.
The reality will hit home within the next 12 months. In delivery duties will get bigger and fail. Staff will have to pick up the failures the next day, breeding contempt. Sooner or later all goodwill that hasn't been eroded, will be. We still have staff coming in an hour early, and not taking breaks.
I cannot wait for the sick pay abatements for staff that haven't voted. I don't actually disagree with all things in the "agreement", but many have no idea where this is leading. And i have no idea how these proposed changes help in delivery.
@ TMS.
I could give you a daily failing report every single day that i'm at work. But of course, that would be lies. I'm completely visible, management are not.
If my questions are of no consequence to you, that means you have no answers. As someone not employed, i don't expect you to have. But by the same token, you should not denigrate the posts of someone who sees the job as it is.
A 20% rise in the past few weeks and you're getting off your high horse again! Don't forget to average down, if you can afford it. The company is undervalued, is it not?
@ TMS.
I know you like to speak about me and what i do. So, you should know that i've invested elsewhere, which i mentioned to you here. I couldn't handle the boredom, waiting. You'll be pleased to know that i'm up on all three of my investments since.
But let's talk about RM instead. QoS was one of the big things mentioned, to get RM back on track and getting customers to trust the company again. If this is s*it, post revision, do you not think it will affect your profitability here? Or doesn't that matter, either. When i talk about QoS, i mean parcels as well as letters, for clarity.
The agency staff we use, no longer like too much work. If these are to be used as DPR staff (as would seem the case), will this attitude be acceptable to the hierarchy, as well as the shareholders? The agency staff are the delivering Gods for RM, aren't they?
Lets not forget overtime, and the payments through SISO, or outdoor actuals. No impact on QoS there? Duties uncovered, including the parcels on those duties..
So many questions, and absolutely no answers.
@ TMS.
I do what the managers tell me. I've never said any different. I come to work, do my time and go home.
Can you tell me how these future revisions wil improve QoS? A major bugbear of the company and the CWU, alike.
Regarding my doubt over the share price climb? We are all entitled to an opinion. If i'm wrong, at least i've made a load already. That's to be lauded, right?
I am absolutely shocked that only 67% actually registered their vote. While i understand the thought process of the reasons why, it doesn't make sense to not vote, either way. I said many times i was 100% certain that it would be a yes.
So moving on, and "seasonal variation" will sooon be upon us. Our start times move forward by 24 minutes, getting us outside 24 minutes earlier in theory, thereby giving us 24 minutes more of outdoor work. Asssuming of course that the extra workload is there. If it's not, for some or all, what happens? Do managers now allocate extra work where it's needed, daily? Do they take away any overtime to facilitate this? Let's not forget that this has been in place for some years now, and never utilised. Still, we have SISO now.
And then we have the DPR's. Meant to be live in October. So all revisions will need to be done by then. I have spoken to a planner friend, who has been told there would be no further work for him in this sphere, past October. I have no idea how many duties we will be losing, or how many DPR's should be in my office.
I cannot wait to see how this all turns out. RM must have some very solid data to implement such a big shift in working structure so close to crimbo. I wonder what they haven't factored in? I have a feeling that QoS will not be very good. Let's see the COMs manage this.
I also understand that the "not very good" casuals will no longer be with us. I thought that the 10,000 FTE's were meant to include natural wasteage, then casuals and overtime. So why are we keeping the "good" ones on?
And on a final note: A mail centre friend tells me that RM want a 25% reduction in day staff in his MC. I wonder if the staff that are about to lose their jobs or be relocated actually voted?
A manager update to follow soon. And it would appear that some are not going to be very happy bunnies.
Well done with the rise by the way. Let's see if it can be sustained. I doubt it though.