Member Info for Propinquity

Redmoor, Indeed, the British govt remains embarrassingly inept on multiple fronts.

Slurm, Our self-pitying BoD - ‘the market’s unfair because we think it’s undervalued and misunderstood our assets’ - have realised that their bombast ran out of ballast to prop up the share-price, a while ago.

Because the UK govt talks a good game about investing in it - but then fails to provide the funds to kickstart the major mining revival in Cornwall that many folks have been discussing about over the past few years.

Never - I am but in your shadow.

Tro, Simple, yet wise.

Not golden - and never has been with Keras; hunker down for a prolonged lack of news.

Highside, I would urge you to compare EUZ with SML - a similarly huge devaluation exercise by the BoD after they had spent a lot of money on two potential company-making assets in themselves, but lacked the nous to monetise them.

The market prices it at £2.5m because the BoD has failed - for the past six years, at least - on most of its stated objectives for adding value to SML via Redmoor and Leigh Creek: a transformational next year, next year, next year, next year, next year, next year - and still waiting! The only certainty in SML: the false promises - and the subsequent share-price decline.

But until people votes with their heads for action, the BoD will continue - ad infinitum - filling their pockets while devaluing the company.

He’s like a deciduous plant: starts growing his bristles in the spring - to publicly show his fully flowered self in mid-summer - then sheds them for hibernating himself in autumn and winter.

A dislikable, untrustworthy, glib chap.

We are: we’ve bought shares in this company while he’s been lording it up, throwing us the bones, without putting any of his own money in.

Making money from others’ misery - completely immoral. :-(

And yet their leaders still side with him…hmmm…

Don’t read too much into that - Erdogan will resolve it with his fiend Putin.

It’s the ad infinitum jam-tomorrow philosophy of the BoD: six years - and counting - of pending funding, interested parties, and imminent PEPR approvals; that RNS manifests PW’s comment on less bad news is equivalent to good news. What a load of cobblers!

How much for a buyout?

Digger, Good question; predicated upon their quick payment to Keras, one might be - for once, considering its the cloak-and-dagger Togolese govt - inclined to positively deduce that they would like to start as soon as possible, to profit from their soil.

Already the second half of the year - and still no sign of Cornwall Council’s grant for Redmoor, or South Australia’s PEPR approval; same situation this time next year - who would bet against it?

Stock, The other problem is is that not even the market know how to value the company - a paucity of clear-cut numbers hinders said exercise.

Tro, Reported - for asking for an onion.

I would not put it past our BoD to dilute for funding: look at Keras’s history.