The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
With the share price slumping and all us PI’s scratching our heads , Wouldn't now be a good time for our active investor to get on their soapbox and demand better PR or some clarity on strategy? Or has Pac-Man done his job of applying a golden gag?
I agree Rob. We can’t go to full production until we get a guaranteed 6-7 trains a month and it seems we just get the scraps after everyone else. We’re at the mercy of NS. I’m starting to sound like a de ramper and I don’t mean to but how do we get going without constant transport? We can’t keep trucking forever
True John. Great money at full production IF we can get it out of the yard. Seems we are bottom of the pecking order for trains so ANY issue (derailment, lack of drivers or trouble at the port) and we are last in line when there’s a backlog. I think that’s the reason we don’t have any new investors in Ben and it’s going to take a long time of full production and lots of consistent trains leaving bens to get investor confidence back and the share price up
You would have thought that the HWM news would be in a separate RNS to be fair. It’s quite important news to people who may be considering adding the share to a portfolio, or perhaps considering selling the shares they have.
Twitter and insta are great for us who follow the company but an outside investor can’t make a buying decision without RNS’s of what is an important development? The stoppage was reported so strange that the re commissioning has gone without regulatory news…
Same image on linked in. Who needs an RNS…
For clarity. It reads like I am commenting that it looks like sour grapes from MM.
The ‘sour grapes’ comment is the first line of MM’s response
matt’s response - reads to me like sour grapes 😂
i doubt anyone believes darktrace have anything left to answer, reflected in the huge share price bounce since your attack. but that’s for you guys to debate.
given the focus you have on transparency, maybe you could walk the talk, and provide details of your funders, so the public and markets can see who’s really behind these actions and who’s benefiting. after all, the public can see the real backers of lse companies.
also, maybe share a full history of your short positions against darktrace, and other companies on the lse, so a clear picture of events can be seen.
an answer as to why you decided to close the short within 48 hours of your wild claims, despite spending weeks writing a 70 page damming report would be interesting. especially given *****essential was so certain that darktrace could go bust.
maybe you will stand up for your belief in transparency and have an interview in london’s largest business paper, cityam, where you can run through the above?
that would be a transparent thing to do, right? 🤔
(full disclosure, thg owns cityam)
in response to the recent criticism by thg founder matthew moulding *****essential capital management (qcm) would like to clarify our stance and correct some misunderstandings.
1. **transparency of ey report**: we echo mr. moulding's concern for integrity in the market, but it's essential to note that the ey report, despite our vocal requests, has not been made public. the conclusions shared were made by darktrace insiders, thereby lacking the impartiality necessary for transparent evaluation.
2. **unrefuted facts**: contrary to the recent narrative, none of the facts highlighted by qcm have been refuted. darktrace's response seems to minimize the impact of our findings rather than directly addressing them. our investigation was conducted with diligence and responsibility, aimed at upholding market integrity.
3. **irregularities and lacking processes**: the acknowledgment of irregularities and areas for improvement in darktrace's systems, processes, or controls further emphasizes the legitimacy of our concerns. these findings should not be disregarded but rather thoroughly investigated by relevant authorities.
4. **thg's criticism of short sellers**: while we understand thg's frustrations regarding short sellers, it is essential to recognize the vital role that short selling plays in market efficiency and price discovery. the short thesis on thg's stock, validated by a significant drop in its value, might reflect underlying concerns that cannot simply be attributed to malicious intent.
Things are hitting up over in LI with the new post from QCM. moulding has just responded to their backlash of his post yesterday. Get the popcorn….
It’s easy to get negged out looking at the share price at the min.
I’m going to switch off for now and keep in mind all the reasons I bought into this share (There is a 30+ year LOM, steel is going to be in massive demand going forward and we are producing and selling)
The high wall miner getting stuck is a setback but at least it’s happened now while the coal price is low. The money avani have leant will get more machinery and staff lined up for mid august so we can kick on, fill the ships and hopefully take full advantage of a rise in coal prices. The loan could be paid off in full in less than a year with just a $10 rise in coal at full production ( if it was decided to clear the debt) and we’d have a load more staff and machines to shift the stuff.
We need to look at this as a marathon and not the sprint we were at times sold. There was some over promising and under delivering in the past but the current situation is completely out of the hands of the company. Machinery stoppages happen and prices rise and fall but we have everything in place to kick on into the end of the year and fingers crossed higher coal prices.
I’ve got no intention of selling at a loss (I’m 63% down at the min) so the share price at the min is irrelevant to me.
Come mid august -
2 hwm
Our own rail spur
Full order book
Trains and ships booked
Supportive major shareholder with coal buying customers
More yellow iron and staff to shift the stuff faster
And hopefully that all important rise in coal $
Which will make what we’ve borrowed look like chicken feed
Hold the line! GLA
Ben has delivered their end. 2 HWM pulling coal out, filling ships with a new major shareholder in the coal trading business. We just need the coal price to rise and as these articles state, it’s going to be in hot demand going forward. Hold the line LTH’s a nice re rate and divi announcement will follow GLA
Don’t understand why people need to announce they are out and then stick around to slate a share/company they believed in yesterday but now have no interest in other than to set up a gloating spree if they turn out right.
This isn’t an airport you don’t need to announce your departure…. Toodle pip
Party time. Here’s your post from the 5th December 2022 RE Cine -
RE: RNS needed - all unconfirmed news in the press05 Dec 2022 08:54
Have faith....
How did that work out loser?
Padd1, a NED replied to Carl yesterday on LI stating ‘There were a number of minor issues and repairs that needed attention before it could be put in service. It will be in operation very soon and contribute to increased production levels going forward’
So fingers crossed it’s smashing into that mountain asap
LTHcine I think you forgot what account you posted with earlier and answered a question with your LTHamigo account by mistake?? Make your mind up who you are before coming in out of the blue. You may make yourself look a bit de rampy having multiple nicknames. Maybe why you get blocked eh!
Thanks Penstock, although a little bit of me wishes I’d never asked haha.
It seems the logistics are the real challenge here and I wonder what can be done to guarantee shipment as the coal is worthless sat where it is.
I asked on this board a few weeks ago if there was a case for bens investing in our own rolling stock in future and people disagreed with the idea. But how else can we reliably and regularly get rid?
Can we expect another RNS tomorrow? An end of month operational update telling us the state of play on the second HWM and if we actually had trains out this month? Instead of trying to read between the lines of todays RNS that all is well and there’s cash to repay loans, what I’d like is a little bit of clarity on progress and just HOW far we are off full production….
I’m on the fence too. I have an average of 40p and for the last couple of days convinced myself the minute this goes sub 20p I was topping up. However seeing the drop today has made me pause to see how far we drop. End of month RNS with trains update and hwm on site is the only thing that’ll stop this slide imo
Yes JH we’ve established that….
Thanks for confirming Rak I thought It was only me that was getting my leg Pulled by Freetrade. Gremlins in the system? It did hit 25p briefly today so maybe we’re visionaries haha
John Henry it did bounce off 25p a few times but your right it didn’t break past it. My Freetrade account showed that it did at the end of the day but when I read your response and checked again, it has corrected itself?? Apologies for sharing incorrect info but it deffo showed