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Throwing PI's money around at various ventures. Corallian have achieved very little. I seem to recall their stated intentions was short term investments with an aim to monetise and return profits to shareholders. Seems to me they have changed track and enjoy the lifestyle the company is affording them. Haven't hear much about US interests for a while. Market seems unimpressed with RBD in general.
if there be last half hour crash today.
in this stock, S and S have delivered very little, the strategy is unproven and now there seems to be a lack of communication. What's occurring in CA? update overdue. BLOE have left this shambolic dynamic duo in their wake.
ambiguous and this is published same day, does this board have any involvement?
http://www.dailynews.gov.bw/news-details.php?nid=49211
Can not really get away from the fact this guy seems content if not enthusiastic about the crock of sh** deal. The whole bod would appear complicit in the mismanagement of a company that could be so fundamentally different. A total mess, with no winners - large holdings make for a bitter and divisive play with a lot of blood letting. Complete mess.
The difficulty with RBD's investment strategy (not being the operator but investing in concerned parties) leads to the malaise in the SP. The operators of the various investments call the shots - not RBD. Therefore RBD lack control, , to a certain extent are at the beck and call of the relevant operator in terms of news flow. The much heralded investment strategy of S and S reveals weakness. Personally disappointed at the slow progress of VG 4 from January's update. I sense S and S are not being proactive enough in their follow up with California as they expected Colter to come in better than was the case. All in all I they appear a little smug and arrogant. The situation presently, appears to focus their minds on what needs addressing in terms of production flow rates etc.
seems very loose this RNS with the little placing attached at the end.
Pathfinder provides an update on progress towards restoring an interest in Mining Concession 4623C (the "Licence") in Mozambique and settling all current and pending legal disputes associated directly and indirectly with the Licence (the "Proposed Transaction").
The Board is evaluating multiple transaction structures, taking into account commercial and regulatory factors, through which the Company could hold its interest in the Licence and deliver value for shareholders. While the optimal structure of the Proposed Transaction remains under evaluation, the Board is pleased to relay that the principle of a Proposed Transaction has been agreed between Pathfinder and General Jacinto Veloso who, with his family interests, is a 50 per cent shareholder in the entity to which the Licence is currently registered. In parallel, the Board is evaluating, and is in active discussions with regards to, potential funding strategies (including both partnerships and debt provision) to facilitate the Proposed Transaction and finance subsequent development of the Licence. The Board's objective is to deliver meaningful value to current shareholders and minimise future dilution. Further updates will be provided as and when appropriate
not much revenue generated, 1.2m admin expenses, sp has increased significantly, wouldn't be a surprise to raise given current valuation. Time will tell.
Have to agree with fourprinces as to the narrative by Mr Z. What is Brenton doing/thinking, has he been sidelined. Which ever way you look at this deal it does add up. If no refinancing appears as promised then this co is in free fall. Hard working co and dedicated staff being let down by avaricious oafs
have delivered the sum total of zilch. Have been watching tis and MM's clearly have total control over this SP with seller(s) to feed the market. These two wet suits have talked a lot but delivered absolutely no shareholder value. Yes CF is unfortunate but they only have less than 5% so what or who else is keeping the price down withconstant sells. The II's must be fuming with the SP. Corrillin has been a complete pile of carp. So it is time for the wide boys to step up to the plate, this is turning into a very soar stock which seems to lack leadership of any credible description.
The website for shareholder's is woefully out of date, Bod should address the seller directly and mitigate loss. The drip drip is killing this stock
delayed sell from Friday. This pile of nonsense is getting heavily sold into and has been for many, many months. It cannot break .75 to .80 and the dynamic due are looking somewhat ponderous in their response and aptitude. The SP is not helped by the excessive amount of shares in issue. Can see a sustained move southwards on Colter disappointing. Honey moon period over for the 2 S's?
never a good finance option despite reassurances from Lid not to short sell. Poor finance option of last resort.
Ha you gotta laugh, this raise is already spoken for and effectively spent. Sefton will be back for more in the very near future.
to Complete the drill. Wow whats the total cost for this nonesense. Sefton, almost a week ago was waxing lyrical in podcasts pumping the price up. One big swerve and avoid. The cash burn here is truly astonishing.