Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Putin is not the kind to accept that his attempt to be a great leader and war strategist has failed to date that he will try to the bitter end, trying to engage more troops will be even more costly both financially and in lives. The Ukraine have proved 2 things in war that it takes far more troops than expected to hold a position and that an opposition fighting to retain its country is far more formidable that the attacker. The problem Putin has now is saving face and will threaten nuclear war as a last stance , forget the shares we hold we now have to trust the people that surround him overturn his power before he gets a chance to make his last great stance , let’s face it if rumours are true and he really is dying what has he to lose.
Either way I can’t see this dragging on past Christmas let’s hope he is replaced and sanctions slowly get lifted to allow any possible sale to go through.
Funny how people jump on the ethical bandwagon when it suits , is it ethical to buy Chinese products or is it ethical and environmentally friendly to buy green beans that have been picked by pretty much slave labour from 1/2 way around the world. Eurasia is actually a British company on Russian soil
Fair enough lenoman just don’t see engaging KPMG means the sale is going through , I can say I have engaged to tax advise doesn’t mean I have sale going through , just don’t get why lots on here think this is a done deal. I feel like we are dragged along carrot dangling , my opinion only and before anyone jumps on me to say sell and move on I’m not selling at a loss just naffed off this is going to drag on for quite some time and as I said before I think the figures posted are shocking. Let’s not forget for the amount the dragged out they got great prices last year, to keep to the same turnover there will need to be an increase in production just to keep to the same numbers
KPMG could be signing accounts off they don’t just deal with company sales, Mac appears to be picking one arm of KPMG to try and convince us all a sale is going through. If the buyer that carried out due diligence was still involved why has it progressed, other interested parties might as well be tyre kickers for all I’m concerned . The thought of a sale going through won’t interest the market until a formal offer has been made, which it hasn’t .
Mac. AND There are all sorts of companies involved in trying to sell this company why not add KPMG to the payroll, there is no serious buyer currently and with the current situation you really think a sale will go ahead . No wonder admin costs are so high.
Having read the RNS have to say pretty disappointed with that, turnover doubles and yet still losing money. How can admin costs be more than what than cost of sales, to say the BOD said they weren’t taking salary then where is it going.
If you where a potential buyer looking at those numbers would you buy in , 3 lines running now chances are with this war going on and more sanctions being imposed I just hope this doesn’t affect sales because the admin costs will just bleed this dry. The BOD seriously needs to look at the operation and cut these costs back otherwise they are going to run out of money and attract no-one.