focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
For the first time in living memory the worshiped one hasn't posted anything in the last couple of days. What do we read into that ?? Has he (and his b*m boys) at last ran out of steam ? For the rest of us, who he has tried to mock and make a fool over over many years, would it not be refreshing to bring a more balanced, analytical opinion into this Company rather than the brainwashing tactics. Two ships at Moma last Friday ?? Is that as good as it gets. Whooppeee. Rhetorical question.... why when KMR's peers share price heads North, does this bag of nails head in the opposite direction. Trying to put it into context...... who's the bigger rogue ?? F Goodwin or M Gargill? One got stripped of his Knighthood whilst the other chuckled all the way to HIS Bank.
Re974, Your prowess, balanced and well made point is absolutely spot on. Perhaps that's why the 'false leader' and his band of (un) happy men have failed to reply. But hey ho, let's keep posting stupid comments like 4 quid by ..... end of 2016
Richorpoor ...... Trying to work out your post. It may well be in English but certainly not in the Queen's English. Some time ago I got a 'roasting' from your Dictator for not having all my punctuation in the correct place. And your point is ???????? If I read it correctly, you're getting excited about being 'washers' up over the past year whilst KMR peers are out of sight re share price. Always a couple of years behind due to poor poor management. The whole Industry is booming through lack of supply, increasing demand, increasing pricing and yet where are KMR.......yawn yawn yawn. Back of the queue as usual.
BF - Did your 'facts' let you down??? You wrongly made a dig at me but hey ho, not for the first time you got it wrong yet agqin.
Feel free to accuse me of being anal but if you (or any of your worshipers) want to research. I have cut and pasted your 3791 st post below posted on 12th September............ Nosir has a "95% success 'rate' over 30 years" but only because he permantntly has both hands rummaging deep in his pockets 95% of the time. Thank God he gives the wee-man a rest now and again. That is your quote. Research back and obviously FACT is .... It was Supaman who made that statement. Your b*m boys will keep licking. The more realistic here will keep ticking along hoping for a gradual increase, all be it a couple of years behind where we should be. So was it my quote or Supaman. ???.. Go on. For once. go on and admit you were wrong. Maybe your followers would give you more respect if for once you got it wrong
PS. I should have said that in the event of no response, I (and your heroes ) now know that you quoted the wrong person. T'T
BF (aka ********* ). I haven't made any comment on here for sometime as it's become tiresome repetitive nonsense. I think if you check back it was Supaman who was bumming his chat about how good his other investments perform. Not me No doubt you'll not be wrong with your post and will come up with the usual meaningless response. BTW - apology not accepted
You're spot on. It matters not a jot. .... I won't agree regardless of what the debate is. A quick question. How many of our 'brothers' have looked at the Base presentation?? That's what positive results look like. I'm talking in round numbers but check out the level of debt repayment over the past 2 years. From memory Base have reduced their debt by circa 90M over the past two years (I don't care if you want to quote Aussie dollars or Yankie dollars). In contrast. what have our wonderful BOD of KMR done over the same period?? I think they've reduced their (OUR) debt by about 6K. No doubt the gestapo will be able to fill us in as to why KMR are still so far ahead.
Absolutely spot on. Their presentation deck ( design, content and fact) is superb. What a very impressive presentation. For those who can be bothered, check any metric that you wish Base v KMR. Base beats them hand down in everyone. Kenmore.........LOL You beat me by 5 minutes (honest).
You're absolutely right. I'm not the slightest bit bothered or interested whether I'm wanted on here or not. Only two things ever gave me reason to cause provocation. Posters making stupid share price predictions based on nothing and you continually blindly defending any criticism of anything to do with KMR even when you were clearly either short of the facts or lacking in intelligence to digest the facts. On the first point, the stupid share price predictions disappeared although having seen today's encouraging rise, I suspect we'll soon be back to more crazy predictions. On the second point, clearly you will never stop brainwashing those who wish to listen to you and criticising anyone who dares to disagree with you. Delboy - Good Bye. You've reached your target. I don't share BF's arrogance so would never dream of trying to advise anyone but as an alternative to bailing out now that your target price has been reached, bear in mind one of my earlier posts a few months ago. File the share certs in the bottom drawer for a couple of years and then see where we are.
Bozzle - 13th August . And he quotes 'Can anybody explain why lots sales going through at 34.5p when 36p seems certain in 2 months time' Mr/Mrs Bozzle - imagine if you'd been one of these daft sellers selling out at 34.5p and buying back in at 26p. You're right - they haven't a clue what they're doing.
Blackrod - you kinda worked out the answer to your own question dated 21st September all by yourself within your statement last Monday (3rd Oct). I hope you bought 'heavy' as you will soon reap the reward. Someone somewhere on this Board asked a stupid question some weeks ago along the lines of why would anyone sell at 34p when they are about to receive 36p per share. (Will anyone own up to that stupid question??) Hmmm. Let me think about that one........ Answer - because it went low low low to 26p and then the (stupid?) sellers bought back in again and will receive the aforementioned 36p Good luck my friend
All your points are very valid and well made. I may well be completely wrong (and time alone will tell) but my own view is that Iluka and SRX are jointly scripting every update/RNS/communication and both parties know the likely outcome. I still believe that Iluka have SRX (PALA) in their back pocket. Don't forget that Iluka tried (and failed) to buy Kenmare. Would the shareholders of Iluka ever accept that the Directors have failed yet again? Personally I doubt it. Therefore they would all have to fall on their swords which I don't see happening unless they have once again made a mess of things without doing their homework.. I completely agree that the drifting share price is an interesting one. Everyone' potential (re) entry point will be different. The unanswerable question at this point is - did the share price start rising a few months ago due to the performance of the Company versus the 'rumour' that Iluka were about to make a bid. If one can work out the answer to that question, then that should be one's own entry point. I still believe the deal will go through which logically is why my entry point will be higher than yours. If it doesn't go through then you have been proven right and I will have bought at too high a price.
Ricky You may well be right but the cynical and older (wiser?) ones amongst us would know that regardless of the size of the Company or the Industry that it operates in, the new Management in any scenario will always do everything that they can to place the blame on the previous Management. Put yourself in Iluka's shoes would you want to inherit a 'glowing' Company or a 'failing'Company? Fast forward to what the juicy second half may look like with the additional revenue from the 'sales' after the reporting period ending as well as the additional production loaded to the second half of the year. Bring out all the bad news before you inherit it and the only way is up.... To be honest I can't be bothered checking back but has there ever been an RNS stating that the half yearly accounts are/were unaudited? Have they ever been reported on the last day of the rules of AIM accounting reporting period? de da de da de da. As with any AIM stock you pay your money and take your chance. One thing for sure is that rules and regulations are pushed to the limit - or even ignored. That said, at the current price it might well be worth an additional punt. Rhetorical question - if you're that sure of the 'not so bad' 36p deal going through why not take an additional punt on SRX at the current share price.
Xanadu posted an excellent document regarding the FCO. I will admit that I have not read every word of it but I still don't understand why Germany has the power to potentially veto a transaction/merger involving a Company in Sierra Leone and a Company in Australia. 'Just cos' doesn't seem like an acceptable answer. So rhetorical question. Germany write a global rule/policy that states (in laymans terms) that we can potentially block any Global takeover/merger transaction that we want to. Why can the Sierra Leonean or Australian Governments not just write a counter rule/policy that states that we will ignore anything that the Germans want to impose. What or who trumps what or who? If I'm missing the point somewhere, I'd be the first to admit it.
At the risk of sounding like a broken record, when Pala gave an irrevocable undertaking to Iluka it became a done deal and very difficult for any other party to get involved. I think we are all very frustrated by what has happened but maybe the Company had been touted about and this was the best offer that they could achieve. Do I believe that? - NO, of course not. Also, I can't remember anyone mentioning this before but we should also bear in mind that the Company raised USD 20M (I think) in April by issuing shares at 20p a shot. In my opinion, there was absolutely no need to raise the funds at that time however I think it fair to say that Iluka and Sierra would have been in discussion at that point. So in other words we (Sierra Rutile) will dish out a wad of shares at 20p a go to the 'closed shop' II's and a few months later we'll all sell them for 36p. Almost doubling our (their) money. Me Cynical? - Never. In the scheme of things maybe not huge but assuming my maths are correct I'd be delighted to convert 20M into 36M in a matter of months and a nice wee softener to gain a few yes voters. Blackrod - How did your Broker get on trying to get your 1M shares at 30p. I was hoping it might pump the share price back up to the 35p mark so that I could sell the chunks I bought last week......... To answer your question about worth a gamble? Yes I did. Update on me asking the Company when the half yearly accounts will be published - Silence. Has anyone else asked?
I'm getting a sore head trying to work out the implications of the German Antitrust Authority (why them when dealing with an AIM Company and BVI) initiating a phase 2 Proceedings. Google can only explain so much and beyond my intelligence. Does anyone wish to expand??? Roppa made a very relevant point regarding H1 results, which are by now overdue. No doubt all part of the original immoral takeover plan to save the Board having to publish (decent/improving?) results. I have tonight written to Sierra Rutile asking when they will now be in a position to publish their H1 accounts. Do I expect a reply? Of course not. Perhaps more of the concerned shareholders should now try to put similar pressure on the Board to publish the most recent half year accounts. Dara made a very relevant point about never investing in any other PALA related concern again (nor will I) but surely some of the more serious II investors must be starting to think along similar lines. So many questions remain unanswered regarding the corrupt and immoral actions by the Sierra Rutile Board but one also must question the capability, professionalism and ability of the ILUKA Management when once again they F*** up a potential takeover. What avenues are open to heap more pressure on the various parties to prevent this corrupt takeover going through? Answers on a postcard from more able persons than me. If only my best mate was an expert M&A Solicitor we could maybe wipe the floor with Mr Sisay et al.
Sadly this chat site has wound down and extinguished itself quicker than Sierra Rutile. Understandably we are all still stunned/frustrated/angry etc etc and most posters appear to have disappeared but to answer your question in my own opinion. Sierra Rutile has run its race and is about to be put down and condemned to the knackers yard. What's the point in hanging around? You are quite correct in saying that you can "hang out" (as I will too) and collect another couple of percent when we all receive our pathetic 36p per share. Had one bought into SRX 5/6 months ago one would have already doubled one's money. Why not "cash out" and move on? Many will have done just that. For example (and not in anyway suggesting that you should have done it or should do it now ) had you cashed out when SRX made their pitiful announcement and sunk it into Kenmare Resources, another of my disasters, you're additional meagre 2 or 3 percent that you're about to receive could have returned you about 30% - accepting that there would have been dealing fees to sell and buy which there won't be on your 36 pence. Have you also considered that maybe the sellers are skint and need the money? One should always respect others actions and points of view. I read the various Boards with interest but rarely contribute. The only time I feel motivated enough to contribute is when someone (either through devilment or ignorance) tries to influence or advise other posters by posting comments that are factually wrong. As I said in an earlier post, and I think Corbine is now alluding to - irrevocable only has one definition. Your shout whether you believe my version of that definition or choose to believe others. Going back to the horse theme, there will be no white knight trotting over the horizon anytime soon to change the course that we are going down. End of .........
I'm surprised that there has been no reaction to the Circular that was issued. In my own words and translation, and I would be delighted to be proved wrong, but my reading of the circular is that under no circumstances can Pala et al revoke on what they have already committed to. On the other hand Iluka can 'walk away ' if they want. The whole transaction stinks. Gib1. You and I ( and your City experts) have a completely different view on what the definition of ' irrevocable' means. In layman's terms it means beyond the point of no return. If you do not want to accept that and still live in hope, then I totally respect your view. All other readers and posters must decide what side of the fence they wish to stand on. Reality (me) or fantasy (you). ' the baw's up on the slates'. Google will give you a reasonable translation if required. Unless you are totally convinced that your view is correct perhaps you should not give others false hope. Put another way - do you really think the Circular would go into such detail in every single clause of every single paragraph if there was any likelihood that the deal could be revoked. As I say - would be delighted to be proved wrong.
Dara, you make a very interesting, even if hypothetical point that another bid might be received. That said I still firmly believe that irrevocable means just that. If you google the definition of the word it is along the lines of irreversible. Of course we would all want another bid to come in but even if it did my own view is that it wouldn't matter. Pala etc have already closed the deal and in my view it cannot now be stopped. We will never know if we all thought that the Company was worth more than it actually is/was. You are quite correct in saying that. Again you are correct that Iluka is the only offer on the table but what we all know is that this is completely (on the face of it) the wrong time to accept such an offer. No pressure from the level of debt, all expansions going to plan, production increasing, costs reducing and prices increasing. If you looked at the mineral sands Industry over the past 5 or 6 years you would say that this is the first time that there is some light at the end of the tunnel. Why would one not let things run for a further 12 months to enable the Company to run into significant profit. True enough the dodgy dealings in AIM stock.