Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
On the other hand he could be totally legitimate in acting in our best interests. Issue is we just don't know as his IR and the man himself are appalling at talking to us.
I do think it's more am issue of skill than will. I could not understand his life legacy after all this is be a man who stuffed softbank and anyone else that invested in him. His work with charities is an example of why i think this
There are are few other things here...
1. The takeover protects shswhokders all holders of any class must be treated the same. This protects s small shareholders using law so he can't divorce us from the others he wants to protect
2. He has already said on public revmcord 170p significantly underscored the business abd rejected a bid on that basis
3. His reputation would be on tatters given tlwgat happened to softback also. He would be uninvestable
Not sure if this is possible but given the protection of anonymity this board gives I'd like to know how staff are feeling about the strategy problems.
It can't be being communicated to them either and it impacts them directly too with their decision ro join, careers and stock awards are tied into the strategy being clear and executed against as with any normal well run business.
They are in the sane position as us regarding the value gap so I do wonder what the mood music is like internally re moulding
We don't need to wait. We've been waiting too long. A simple
1. Smashed q4
2. Strategy update
3. Governance fixed around chairman
4. IR directors who understand the job title
Would bring a very nice new year. All completely doable and zero reaso not to.
York sorry but I totally disagree. All of us at any level of management in business have to manage sicknesses across all sorts of seriousness every day. To brush it under the carpet and move on is not the way its done especially when there us such a risk in such a critical role
It simply cannot be ignored,thats a rediculous position to take. There should be a plan and a comm on how this is managed and the risk to the business and imvesrors managed. That's a perfectly normal and good practice thing to do especially given how strategic a risk and share price impacting issue this has been since float
Pmh spot on. He's left all control of PR and IR now to the scum so he can hardly moan. He needs to moan about his own inept internal IR leaders.
I'd also add to negligent handling of strategic update promised by the chair that all evidence points to having a non functioning chairman costing 400k p.a.
It boils down to one question. Could kelso convince the IIs to release value now take the gane and move on (the experience it that business is inctrdible) vs MM convincing them to take his road which has a appalling track record on managing investors and has shown a fat zero sign of delivering anything different
The 0.5% kelso has some relevance but they are not selling thst its a bigger different story of their experience bringing a path to riches that needs respecting and listening to
The problem with the MM road is its delivered nothing for 3.5 years and is fill of aomewgar amayuer players vs kelso. Can it deliver in the future who knows but its a massive risk.. He's a good MD and CCO but he isnt a CEO. To go the MM road will need some deep board changes as too many are well out of their depth and no track record but it isn't insurmountable but surely most are now thinking we are sick of this drama and would take short term babked 3-4x vs long term huge risk unproven 10x
It will be a very different story when kelso are on the board and have insight into thg and management and direct access to the IIs. Its the leverage they have not direct holding. Their presence on the board to bring much needed experience in investor and city managenent and their maturity would be appreciated
The blind ignorance of moulding and Ms Grim in managing investors like kelso will.be sorted
I'd like to hear more than about a bloody plastic gorilla