Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I heard certain parts of the call today and would have to agree POQ handled the meeting reasonably well. The one item I thought could have been handled better was as I heard it the actual vote tally for each proposal. Instead of showing a. "no brainer poster listing each of the proposals and vote totals, POQ sidestepped what I suspect were a fair number of dissenting votes (as in NO). Could one of our friends on this board who can speak to POQ ask the company to post the vote tally either here or more properly as a shareholder release. My suspicion is the not everyone was pleased. POODS
I thought I would mention I took the liberty to respond to this morning's request for shareholders to ask questions . As a holder of a reasonable number of shares and since I have never been able to read the exact vote total during years I have been a shareholder, thought I would ask again the report of shareholder votes cast this year at least be reported, specifically as to the number of shares for and against each proposition, as opposed to the standard boilerplate "all passed". I am curious how much of the shareholder vitriol I see is reflecting where it counts : THE BALLOT BOX Due to a clerical error(not mine) my ~9,000,000 votes did NOT get voted
I found this an interesting comment and want to ask because I have never seen the vote count published. It should be filed but I never can find and even worse I was not contacted in time to vote all my nearly 9 million against items if I wanted to. By the time I asked the broker I was one day late. Does anyone know how to access that information and published it for this board. I have tried for years to get people to express their contempt for something on the voting forms so it is on the record should there be a question as to the shareholders (owners) of Falcon. POODS
newtofo-
I have been patiently adding to my position of weak days which have now stretched into months. Currently, just shy of 8 million shares on my way to 10 million unless God forbid we get some actionable news. I am reminded of the 13 year timeframe it took for my first really big market score of 100 times my money. Philip's(POQ) fortune making scheme seems to be working while we have had plenty of time to buy positions. I am now in my 11th year of buying shares here with the possibility if I live that long, i.e. 13 years and a possible nice win if the geology holds up.
I have stopped trying to figure out the selling profile but believe there are multiple sellers and either good news will make them moot and it won't matter the geology fails us. I do appreciate the comments of several of you more knowledgable chatters. POODS
schlemiel-
I'm in your camp, as added 300k yesterday and nearing 8 million shares. I only add my comments not in support of management, but hopes it helps fellow shareholders to have even more :P. a. i. t. a. n. c .E. !!! POODS
newtofo-
i am going to start adding again. I will stop if I get to 10 million shares. I do wonder if Viktor might be a seller also? That would be discouraging unless he has other issues to deal with. POODS
newtofo-
Don't think any of the long term holders should be surprised by the way the stock acts. I have been accumulating "this piece of garbage" (so far) for the reasons stated previously. I was adding again near the low to increase my position and will start to somewhere here again. POQ is currently a non-factor and presumably is hopefully the case for the board, Origin is our key. So, just checking: I am alive and still a buyer. POODS
newtofo_
The question an obvious one to ponder but the answer may be a minimum of several years before analyzes can give credible estimates. To consider sale now is premature. I hope the board will resist raising POQ's salary and overdoing their options. For me the answer is probably beyond my years, but my son and his family may benefit. I believe we actually have a chance now to properly evaluate the resource. I would ask each of you to remain or become steadfast in holding the board and "management"? to ethical standards. POQ is still paid far too much and should be rewarded with his options (in reasonable numbers). I imagine along the way I will on occasion share a thought now and then. I feel I have said what needed to be said, put my money where my mouth is unlike our generally pitiful board members. But, I will be the first to say I know next to nothing about them because they refused with one exception to take my call and the one that said basically "hello and goodbye". POODS
newtofo_
Started adding again yesterday, have to agree stock acts miserably, but as I have said before, when the going gets tough, the tough get going. So I will be right or wrong, but feel there is nothing to report and the seller wants / has to be selling. POODS
Still at 7 million shares and am unaware of anything to change my mind. Even if POQ panics and raise new money and everything else is the same , I don't thing the price dips much at all. I will go to 10 million shares and against as bad as the management is the geology still seems attractive. Fault lines are generally tricky this one no different. POODS