Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes Doc83, but the the main question is this: will the PM, headed by such a "super-efficient management" be able to ensure drillings and oil production at least next year? Personally, I am not convinced and quite skeptical. Since the normal management, as some respected posters correctly pointed out , could not and should not have allowed PM to be inactive for almost 1.5 year. But, they allowed it without any harm to themselves. And if so, why do they need to strain and worry if can live their carefree life using money invested by lot of naive shareholders who think that sooner or later they will get rich or even become millionaires. DYOR and draw conclusions.
Doc83, that oil was found by Petro China in their part of exploration licensed area which include PM's exploration territory too. So that oil was discovered long ago before MB appointment. But having no even an instinct to guess that he needed to try to find oil in his part of the common basin he went for other sites. And returned after loosing efforts and time on unsuccessful attempts there. Although at all corners he chatted that very soon an oil reservoir, unprecedented in its size and not only for Mongolia but maybe for the world, will be found.
Here's another example of an idiot discussion board where stupids never can adopt the truth expressed by other and much more smarter posters.
I cannot find any reasonable explanation for what is happening with PM at the moment. Could anyone of our respected LTHs - Dozzawba, Manro, Cormie, Donkee and others express briefly their understanding of such a strange situation: when the share price should have if not rise, then at least shouldn't fall as a stone thrown from Mongolian cliff.
Ojay, just such disbelief in our own strengths and rights that creates the situation when we turn into passive creatures and humbly wait for someone to be kind and supportive of us. And then we are wondering why they have treated us so badly. But in reality not they but we ourself treat disrespectfully, because even without try we are saying it is impossible. A weak but unfortunately very common position amongst shareholders. Except nobody and never any BOD at AGM is taking into account how multiple investors who hold a minimal amount of shares are going to vote.
Ojay, if I am correct Petrovis has 23% of PM's share issued and probably 7% to 8% the BOD. So, there is no problem even with the 67% of majority. While I am not sure if it is needed for force management to fulfil its prime duties or even compensate our losses via share awards and this time to us as, and not to themselves as usual.
Why we all go around and ask the same questions what to do when such a quite effective and justified offer was already made, if I am not mistaken by Manro. Who offered to convene an extraordinary AGM, put demands, vote for them and force the management to fulfil them. What is wrong with such proposition and what could be better than it if could act as join forces?
persistent,
Now it is quite obvious for me that Manro is absolutely right and you are if not an insect then a troll definitely. Who is appearing here only when needed to defend and justify PM's weak-willed and lazily BOD waiting for a license, instead of vigorously promote interests of PM and its investors.
Doesn't seem to you that you are looking exactly like an idiot thinking that Mongolian Prime Minister could not resolve this or any other trivial issue, regardless of which structural unit of the government is engaged in this? And, secondly, are you holding for some position in the PM? If not It is very strange to read your posts where every time you do not just defend Mike, but exalt him, clearly losing all connection with the real state of affairs in the company. Or do you getting additional rewards for exalt?
Manro, now I want to give you my advice, friend. And not to pay attention not only to those who, as you correctly reminded me, are buzzing like insects, but also to those who are similar to each other, like one pair of boots. The only difference is that one is left and the other is right.
ATB
persistent,
I have noticed that as soon as someone criticizes the company and especially its CEO, even if it is quite true and reasonable you immediately come to the defense. The only question is now did you appointed as an advocate for Mike Buck officially and for a fee or you are providing free of charge services?