Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
That slide of '2021 will be a different story' that they later changed to 2022. Looks like it's time to dust off the old PowerPoint.
@PollyWold,
All good and valid points. However, just for sake of balance, I hope you have set yourself internally a date past which such things will no longer be okay. If it drifts another year, is that okay? What about 2 years? When is it okay to start questioning the competence and the motives of all involved?
It was those damn parking attendants all along!!! If we'd only listened...
My learning has been to look out for specific ways the company chooses to engage with the investor base and the language used in said comms.
Rambler have proven time and time again they DGAF about individual investors.
I have the same feeling, like something not quite right here. It's so dumb. "ugh, we installed some software and numbers are an oopsie". This from an EXPERIENCED dedicated team of experts.
The Takeover Code has some protections, but don't believe it prevents their mates taking up substantial positions at others' expense?
For me it comes down to one simple thing.
July 12:
"Going forward, Rambler will provide quarterly operational updates to the market which is now more appropriate given the condition that the operations have achieved."
Just 8 weeks later, "taking account of the current macro-economic situation". The macro-economic situation has not drastically changed in 8 weeks. Any CFO, CEO and other important job titles worth their salt would be able to intuit the position of their business, software or no software. If anything, fuel costs seem to have fallen a bit? And reading at least container freight charges falling?
The fact is, they were disingenuous in their July 12 statements, saw this coming and did not disclose. This is the stope collapse situation all over again.
They DGAF about individual investors and have put it repeatedly on full display, in spite of being given the benefit of the doubt again and again.
Becoming increasingly convinced moon is actually a savant.
> Don't think anyone here has suggested they were here for the crypto Oakey. Just a disappointment in being told the change of plan so late.
And not just that, but the fact that it took a team of crypto 'experts' and months of work/discussions to conclude that crypto is volatile. I am sure any one person here would have been happy to tell them that for a fraction of the cost on day 1.
> yet has not been recognised by the market
This has been a repeating theme for the last 12 months. When will this stop being the case, and (when) will all those new brokers, crypto-people and other leeches start earning their keep?
>Micru. It's been referred to an extended well test for god knows how long. Chill.
Where? I search RNSs for the word 'extended' and see nothing. The first one sure was 'extended' since it'll soon be a year since it was conducted.
Jun 7:
· The Board has taken steps to fast-track equipment procurement, and it is expected that the crypto-mine will be operational in as little as eight to 12 weeks. Well work will also be conducted over the same timeframe, at which point production from the State 16-2LN-CC well is expected to recommence.
Today:
The Company continues to prepare for extended production testing of its successfully drilled and completed State 16-2 LN-CC well.
So, no crypto mine AND it's no longer 'production', but a 'production test'. Ok, they have lost credibility with me.
I don't see a re-listing happening in this climate. I think the worst may yet be to come for the US market. Once we're over the hill and there is optimistic sentiment, then would be a good time to re-list.