Thats because the brochure MPG is done on a prepared vehicle, ie all seams covered with tape for airodynamics, tyres pumped up like granite, and any weight removed as much as possible, then driven by an expert..
I for one am not happy with BNC's SP have chased a bit over the last 2 weeks with some average-down buys, but the only reason I am not livid is because i trust the BCN BOD a bit more than this KDNC BOD. If we (KDNC) are selling down BCN then I will have to be convinced this is the right move, KM's activities to date never indicate this to me.
I am in other DL shares which are a train wreck so this is what is spawning my sceticism. UKOG is a side-show/punt for me to be honest. Lenigas is not the PI friend, he is a world class ramper who (if you choose to do a bit of research) you will see steps back from anything way before it comes to fruition. After using AIM to his great advantage for years he then makes the comment that AIM is manipulated and that he is not so keen to work with it to para-phrase him !!! In short he gets into a venture, is very skilled at driving the marker & media for that initial pump of shares and they makes his money and gracefully exits--- nice work if you can do it, so please no more misty eyes !
This seems to be a circular conversation going on here, but no one has commented on how we will ever get some shareholder returns ? And yes I do think that the BOD sell stuff too soon and then buy stuff that is on the horizon, I cant see any way currently with this strategy that they will return shareholder value. So OBS + IVY please give me a cogent counter argument if you can.
You are probably right and I have been frustrated by Secker in the past, but my view now is that he has been boringly methodical and if the the placing thing was a mistake then yes perhaps he was given bad advice, after all it is not a given that all small company CEOs are experts in market dynamics. In my view its a minor setback and this is so near to being financed compared to other detritis on AIM I am not particularly stressed here.
My view is if BCN cant make it to greatness then you best sell any AIM junior miners as they are all doomed to fail as they are all a weaker case than BCN !