Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Orslega yes today not much activity. It really is a case of which way this will blow. I have been here since Greenland so has been downhill all the way. Maybe just maybe he has finally been able to put something positive together. We shall see.
Helpful for balance would you mind commenting on what Banburyboy has found out re one of his sons having a charge on some of our assets. I know little about the technical side of company workings but I always thought people who had charges on a companies assets were in a very strong position and can in some circumstances force a company into administration or at the least pick up assets on the cheap.
Maid I can understand you being optimistic when you listen to AB or read his words. Many of us remember the Greenland lies and others but I do hope he can make a success of DRC or Zimbabwe because foolishly I did believe in AB and have never sold any shares. Now 90 odd percent down but I might be able to claw a little back. Peed off that we had part of an asset that was sold for $320 million which would have got my money back.
Maid I do not see how you can say we have moved on from 7/10 years ago. During that period the Company has spent millions on projects that have had no return for shareholders. To date we have had not seen any shareholder value emerge at all so we have not moved on. Perhaps the future might be different but I do wonder if we currently have funds to develop our projects.
Dukey I am so depressed with the AB performance to date. Surely no more bad news to come? Only joking but he has stuffed me well and truly and the thing that really gets me is he is fully paid to do so while he is doing it. Hard to believe they are legally allowed to get away with it.
By AB giving us little titbits I mean AB tweets off to Zimbabwe. I think oh great looking positive then my mind thinks - oh hang on what about DRC progress? He just leads us in the direction of a new project to take our mind off the earlier ones. What about Elephant or Australia or Kenya or news on royalties - anything would help on all current projects.
I was hoping Paul Johnsons get up and go attitude might have rubbed off on AB but same old promises and the odd bit of juicy titbits but nothing ever happens to create shareholder today as opposed to tomorrow. Annoying really.
Banburyboy yes I got sucked in around the Greenland time. When he goes quiet look out because it is usually bad news. But when he ramps up a project it too ends up quietly being forgotten. Then the projects he invests in invariably fail. The only investors here who gain are high worth investors who buy in low and allowed to get out or those who are lucky enough to get out on a spike. Shameful really.
Banburyboy you are spot on with your observations. AB is a horrible person in the sense that he enables the few to gain money at the expense of the many. Newbies on here will believe his rhetoric and suffer later unless they get out on a spike. No doubt Helpful continues to be a big supporter of AB.
Spec so I think you are saying AB is useless at achieving anything positive for shareholders. I fully agree but he does seem to look after himself and his friends?? Has been a horror story here and Mr Magic knew exactly what AB was up to. Sadly I did not.
Spec good job to AB? Does not look that way to me as a LTH.- He has shafted me for sure and there is no getting back for me. But it is interesting to read Banburyboy and Helpfuls comments today. I personally can not get over the fact that AB has continued to draw his salary over these 15 yearish years plus bonuses without ever adding shareholder value.