RE: Meanwhile... next sell drops it below 5...14 Mar 2024 17:17
First, i'm not in CEG.
next, i expect a ceo, when they state in an rns that roads will be repaired starting January and that offtake of 20ktonnes will complete by Dec31 to update when it only becomes apparent that those things aren't happening when people attend the AGM and are told info that the rest of us aren't! what's the point of an rns about offtake when it must be obvious that the road isn't fit for purpose?
the point is that many investors add on information in an rns when they state that 'ore is for sale from jan '23' or that offtake means £1mill reenue by Jan or all the other examples that exist of rns' which failed to deliver and yet which the investors only fund out about when the ceo participates in a discounted placing that also engineers a ramp before hand to sell into!
one can't very well go find the ceo and demand losses back so one rails on bb's. why should anyone just watch money slip away without venting?
similarly, when he states that $500k is required to certain attendees at an AGM then we hear nothing for several weeks, should we all just do nothing?
personally, i sold half my holding y'day at 5.058, as i've done many times in the last 12 months and bougt back lower, in the expectation that the opinions of many retailers, as well as rns', can't all be 'unfortunate' mistakes. and, right now, the build up of expectation if something actually comes good, means there's at least a bagger around, even if one has to wait for June for it to happen.
finally, i know people who sunk more than they should in this one, on the basis that ceo joined in on a telegram group and laid the expectaions of a £1.60 sp for a boutiuqe share with very restircted share volume so that, even at 30p. folk piled in and increasingly did so on the slide for the next 12 months. thats a lot of people hanging on and, presumably, keen to average down as soon as something proves things are back on track. that and the fact the company posts that copper prices are rising and take on a NED (who, admittedly, came from a terrible, terrible company) and implies they see no change in the future, means SHOULD anything come of this share (notwithstanding a possible £500k placing, a ceo loan to company that needs repayment and only 6,5k tonnes stockpiled which means nothing's been added since July) there just MIGHT be the chance to recover all the losses. but i take it all with a pinch of salt and am keen for the ceo to get the gist that he's eff'd up several times and owes those retailers.
i don't have blind faith in any company and have certainly been reproached many times by CRTM holders, all the way from 20p down for my 'negativity'. it's not great to have that reputation but those people won't pay my rent so i'm happy to have my opinions and to keep expressing them until some news comes in that shows this wasn't a clunker of a buy!