Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
So true. the only one FOG has provided the deal of a lifetime is POQ. A lot of what has happened is out of his hands. That said, what has hurt is his not taking seriously my suggestion many years ago to raise money when we could in the $0.20-25 range and had less dilution than we did. He has never acknowledged that oversight and said to the board you should reduce the amount of options I receive. The reason the board never did is a guess on my part, he never shared my thought with the board. POODS
NEWTOFO:
You may be correct in that inside persons must report in many cases. I had been told to notify the company and that 10 million shares should be enough. My purpose is to show I have put my money up in support of my opinions. POODS
newtoto
About 6-8 weeks there was a Falcon announcement about something slightly positive, which as usual resulted in FOG shares beginning to sell off per the Wall Street adage “sell on good news”. Falcon shares probably are the only company in my 50 years memory that actually do sell off every time such announcements are made. That 100% correlation at a minimum gives FOG bragging rights on something.
My purpose in bringing this up is shortly after that announcement there was a link where one could write a note / question to the company which I took advantage of to write both Ann and POQ, neither of which responded to me and POQ also not to a direct email. My reason for writing was a request to include in their filings at that point I held 10 million shares of FOG and wanted it filed as other holders of even fewer shares have.
Having not heard back after a few weeks, I emailed POQ to ask why there was no response acknowledging my request to post as part of the the upcoming proxy etal this information. Somewhat surprised Philip nor Ann have never responded as even though they consider me a pain, they have an legal obligation to valid shareholder requests. Could you make inquiry as to why that email was ignored? There is a 99% chance they will claim they never received it, so instead of debating that fact, would you be so kind as to inform them I own those shares of record and would like fellow shareholders to know while I am getting older and beginning to Philip’s delight, suffer heart issues. It is a shareholder’s right as I understand matters to request insertion of this information in a legal filing or simply announcement of the fact if appropriate to fellow shareholders, some few who appreciate I am a shareholder and try to put things in perspective for those who think perhaps I have a balanced view of company matters. Thank you POODS (lerner.ron@gmail.com)
VillaMaria,
I have read and agreed with the few things you have over the years, but disagree with the Origin is playing games. They are much as anyone now want to see a return on their investment. It is a shame the fault line has created lots of issues as well increasing knowledge of the structure. Patience is a rare commodity, but that’s what required in this case. POODS
This is POODS and been somewhat patiently waiting for the next shoe to drop. I have no idea what or when we will hear, but in all likelihood, POQ etal are not sitting on their hands in my opinion. My personal target for yearend is $0.25-0.30 based upon perhaps 2 successful wells that better delineate the scale of this find.
WetWater-
If the list of shareholders is correct for those listed, I would add one correction, which is i own
10 million shares in my name and obviously believe we have good under our leases. I may not see the results but my son and his family will. POODS
newtofo-
I think the level of sarcasm is too high presently. Drilling wells is always risky and at times very much so. But many times, once risk is de-risked, results can be amazing. Based on the seismic I have seen, I still feel the findings will be excellent and risk is dilution more than drilling. Origin has hired the best technical people in the world to work on this tough nut. I have seen just enough of these tough nuts workout a little more faith at this point seems warranted. We are close to knowing whether yea or nay on this headache. I believe you are at risk of being embarrassed as POQ announces. “Perseverance is listed under Other Assets. POODS
hydrogen-
you are incorrect on the heavy point except for certain short periods of time. we have seen steady heavy selling for perhaps a year due a liquidating seller and perhaps a couple others for unknown reasons. POODS
newtofo-
For the first time, I actually feel sorry for POQ, as he to the extent he can, poured his heart and soul into the recent presentation and the drop off in the share price probably feels quite painfully. His solace is the geology stills seems good, he has a good option position and is well paid to be patient. But, it hurts to see all the good we are seeing punished by unrelenting sellers, some of which I do not understand. Thanks for all the wonderful posts you and a few other experts post. POODS
newtofo-
I am not sure the rush to sell is so smart. If this is the mother load this will be a cash cow for years. This asset could be separated and just pay lots of free cash flow worth much more than a bid for the asset
POODS
Darnitagain-
FOG is probably sitting on the best spot in Beetaloo. Has the company been mismanaged is the responsibility of the board who have said no it is not so. Shareholders can replace the board or individual members but little has happened to effect change their because "lip service is entirely is not a vote. Using your votes is the means to the end ". My votes and comments over the years are not against the geology; rather, the excessive salary of our CEO. He is overpaid by at a factor of 2, maybe times. Option positions are plenty of incentive and have done little for POQ or the board because of some matters out of their hands. At this point let's hope things go smoothly. I believe our team on the ground is doing fine. Ground faults are part of the business and we certain learned the difficulty they can produce. I am of the opinion our suffering is nearing end. POODS
ALL-
Just some of the recent FOG share activity has been me but today want to say I have completed purchase of my 10 million shares position and hope sometime next year we will start finding out if this is to be a successful investment. POODS
All-Please remember FOG is speculative investment and don't over invest. I am stopping at 10 million shares, not because I can't buy more, but for me it is PRUDENT. Always remember "prudent" is in the investor's lexicon. POODS
ALL-
As promised I now hold 10 million shares of FOG. Whether that is good or bad only time will tell, but I am quite hopeful my fellow shareholders are also right and any any short sellers, may they rest in peace. Want to thank those several cohorts on this board who provide solid input and dampen the noise emanating from the spoil sports. Have a nice holiday season. POODS