The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
"Canmax did not have knowledge of the delay prior to the day of the release of the RNS. They were disappointing and surprised." I thought we had such a fantastic relationship with them, yet after all the weeks of testing the plant and 2 and a half weeks of apparently producing, GR didn't think it wise to advise them that there was serious problems with the plant, until the day before the RNS?!?! Which was about a week before shipment was due! Extremely disrespectful.
"AGM with shareholders re issuing more shares is a possibility " No, it's a CERTAINTY , he STILL can't be honest.
"GR wouldn't have made the placing at that time if he'd have known. But he bought believing it was the right thing to do at that time" Utter guff, you think GR spunked 100k because it was "the right thing to do" when has he ever done the right thing, for anyone other than himself?!
"The spodumene grade quality will improve with volume" How does he know this when he doesn't even know what grade we're producing right now?
Sorry but I just can't believe anything that comes out the guys mouth, it's all hopefully this, and I'm confident that. I sold out Friday and got all my money back plus a little bit of profit, I'll play around with the profit and watch how things transpire but I'm not confident that things will get better quickly so the rest of my money will go back in the bank. Its certainly not going to be as smooth a ride back to 1p over the next 7 months as some are suggesting imo
Jenkoo, I believe we'll be kucky to hit half GRs projected figures for the rest of the year. He thinks we'll go from around 80tn per week in May to about 285 per week in June? 4471tn in December? Q2 2024 maybe if we're lucky. I hope I'm wrong, but I envisage more hold ups/delays/missed targets. Hard to be optimistic with GR running the show.
Look out for, with a week to go in June, large sells starting as George let's his mates know either there's going to be no shipment or there is going to be one, but it'll be nowhere near the 1300tn projection. As predictable as sunrise.
IF, and it's a big if, they get the plant sorted out. Bearing in mind from start of production 8th May, til end of month, they're anticipating having bagged around 239tn. Assuming they're adding May on to June and coming up with the 1376 figure, yet only producing 1137 in July and August. Again, EVERYTHING Roach says, writes and predicts should be viewed with caution.
in summary the plant's crap, over the next few months we'll allegedly produce almost 4000tn which strangely enough is what was needed to pay back the loan was it not, oh and stand by for multiple placings. what an absolute ****sh0w. roach has just proven himself to be a con artist and a liar, all the happy interviews with mark, knowing full well the plant couldn't be optimised properly because the equipment wasn't up to it. absolute clown of a man.
I'm not religious, but I hope a God day is even better than a good day. And I hope the contents are heaven sent. It'd be a miracle, but GR may just become a Saint. I'd like to see the SP altar, in an upwards direction.
It's not really nonsensical. People don't invest in GR, people invest in the asset and we (I) believe in what is in the ground. Even though we don't know yet what exactly is there, because GR still hasnt produced an RUS even though we've drilled god knows how many thousands of metres. if that makes sense. With Stark and the Chinese on board it SHOULD be really hard to f*** this up. If GR was going it alone, I wouldn't probably touch it tbh.
Watcher-i'm sure I read Sunday, but i can't be sure, because I haven't paid much attention to it. Heard enough waffle n bluster from GR to last a lifetime, he turns it on for the cameras, tries to hoodwink people, then goes away and just does whatever the hell he wants anyway. Can't believe a word the man speaks/writes.