The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
what we have that this company may want? https://superdielectrics.com/
We shouldn't have to guess what is happening and how long something may take. It is the responsibility of the BoD to keep the companies shareholders (owners) informed. If we have delays we should be given the reason and updated within reasonable time frames. It does not take an RNS to keep shareholders informed in this age of instant electronic communication. Delays without informative communication just ferments negative sentiment. We already have enough of that through the BoD's actions, we do not need more through their inactions.
Another week, another month, another year. Remind me exactly what we are waiting for? Are we expected to believe that we are imminently about to be offered a deal for nearly twice our current mcap, that would be in any way favorable to us? How is the "copy and paste" PEPR coming along? I must have missed it on SARIG.
We just have exploration rights and the option to a mining licence over any part of the licence area. The mining lease would have to be obtained and an agreement with the landowner / mining rights holder plus relevant planning permissions. It also says surface land access for exploration drilling and mining is also included in these agreements. So as we have to read between the lines here very carefully after everything we have been told. It looks like what we actually have is the exploration rights with an option for mining rights. We do not really have that much at Redmoor. If it is so good, why did AB sell it? If he sold it because NAE did not have the money to continue, then maybe he should sell it again as we will just stagnate here otherwise.
The price of copper appeared irrelevant at $5 lb ($10kt). Without a PEPR we could not get anyone onboard at the copper high. We still do not have anything other than an Oxide PEPR and we have allegedly have interested parties in our "data room". The breakdown we have shows that the Oxide PEPR does not support the level of funding being sought. The question must be "Do we have any commercial viable copper"? We have been told we do, but the evidence
(lack of JV, lack of funding and lack of buyout) suggests otherwise. Are we just another AIM lifestyle company (which we are simply refusing to accept) or are the Market, the PI's, the TO specialists, the "data room" analysis's , the Major Global bank, the prospective JV partners and the various other funders ALL missing something out BoD is not?
That is very simple colline. I doubt any of us want to sell at the current mcap, I do not want to give up on my diminishing investment and give the BoD an easy out. I want the BoD to do their job professionally, admit and apologise for their very many mistakes and the total destruction of shareholder value and positive sentiment. But mostly I want to feel I have not been taken for a ride. I want to think I have not been persuaded out of my hard earned money with misleading statements or even ones which have turned out just to be incorrect. It is hard to believe (given what we have been told and what has been published) that any management team could survive this much mismanagement and yet here we are. So I will continue to call a spade a spade. I call both halves of the glass, be it half full or half empty. I will stand corrected if I write errors. But I will not sit quietly at be taken for a fool, which is exactly how I feel. I feel gullible at investing here, just as I call the BoD out for the gullibility of getting involved with Brenda. Nothing has changed during the decline of peoples investments. We hear the exact same statements, comments and spin. More fool us, I guess.
Copper back over $8k. They have pretty much run out of spin as to why can can't get finance or produce at LCCM. Can we get enough shares together to put someone on the Board to actually let us know the state of the company and what is really happening? Someone please buy us out. Cobre must be worth the current mcap to someone. Anything but another 3 years of this circus.