Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The reason why is obvious..MEO where expected to participate in more drilling & had the cash..they had a belly full of KEA & decided against..remember 'low quality 3D seismic' that cost NZ$4.5m..
Must be some good news on the way, maybe IRGS has found someone to invest in KEA..on second thoughts that would be very wishful thinking indeed..
they must be coppering up by now, wonder how long before news..it will make exemplary reading that's for sure, could be a nice surprise..with IRGS's track record, methinks not somehow..
Is running late..not to worry the next update RNS won't dissapoint..surely not again..
Unless you think the 'parrot' has drawn it's final breath..my concern would be the outstanding claim on the business from last years accounts..if the business is sold how will this effect any shateholder value and would it cause a suspension & a black hole with any sharevalue in the end? IRGS has made a pigs ear of this company & anyone who thinks different is deluded but there could be deal in the post who knows..
Surely if a big chunk of the debt is paid off by selling the part of plant..what about the directors who were buying shares at a much higher price..they were supposed to take the ethanol operations forwards..the banks have been willing to help & the sale to various suitors was blocked due to the cheap pay off of verdant clause...the suspension has been wise looking at oyher oilers recently so must be upside from here when the supension is lifted..
& a screaming buy all day long, at these prices what could possibly go wrong? Anyone with half a brain knows 'ten times your money IRGS' is the right man for the job, because he says 'we retain our ambition of becoming a significant player in oil and gas production in the Taranaki basin' hell yeah go team KEA..
one of the better AIM companies with good solid management & decision makers at the helm..anyone know what the cash position is for KEA..
i am very surprised people aren't kicking the doors down to invest in this fantastic company..awesome team & offices across two continents the flagship 'head office' is a wonder to behold.. http://www.wogen.com/uploads/tx_innerfade/05_01.jpg
to armageddon is fast approaching..IRGS will be coppering up to see if there's enough cash to pay the wages, let alone keep the lights on..any news or phone calls on SHANNON or MAUKA we hear the nervous investors cry..news will arrive soon enough as a mad panic for the exit as KEA sinks into the abyss..all the way to the bottom but will IRGS go down with his ship or will he already be in a lifeboat safe in the knowledge kob is done & directors pockets are filled with all the loot from the investors savings..
As it has become very obvious what is about to happen here..
NM
There have been lots of posts removed recently..it seems the truth hurts..da_gee is not the culprit tho as we have discussed thos before..i an on a warning so have to watch it
Will be tested again in the coming weeks with cash flow last reported as 'tight' well it should be quite an RNS to behold when it lands as 'opportunity' & value seem to be his catchphrases ATM.. meanwhile a reminder for anyone holding there breath..spirit crushing, obscenely extravagant with a rose tinted ending for anyone expecting a half decent happy ending from IRGS, the gang or indeed KEA..
from previous years, IRGS runs KEA on permanent crisis management based on nothing better than an occasional glance at what's happening with no forward thoughts to how the business should be run, or could benefit from better decision making, because again, as we know his priorities lies elsewhere in the shape of excessive salaries, flash offices, 1st class flights around the world & massive overheads in general based on accounts they have previously released.. Crushingly horrific, expensive & disappointing scenario.. Lastly, does this sound familiar? ' Rockpoint Corporate Finance Limited appointed to advise in the strategic review' this was taken from the interim results RNS from 27th February 2015.. 'Gresham Partners appointed to direct a strategic review to define the best approach to ensure further drilling at Puka' taken from RNS dated Oct 31 2013.. Only rockpoint from their website look very similar to Darwin but who are they? Who has heard of them & why have Darwin not been approached? As IRGS has said on many occasions what a fruitful relationship KEA has with Darwin.. So Rockpoint must be some kind of poor mans Darwin, as the lender of the very very last resort because Darwin Know what's about to happen here & have probably decided against any further involvement..
is the end of this month, by my calculations..the rest is history as the cash will have run out, who in their right mind would invest now or even think of averaging down..if they have a buyer lined up what will be left for shareholders after the debts are paid & overheads covered? The SP above is 0.65p for a reason & it does not require a genius to understand that 0.65p is NOT a buying signal here..
the latest on CBA news..our reporter has been speaking to IRGS exclusively & his comments from down underunder emphasised the following..we will be stronger & have new & fresh hopes..there will be a more competent board who will grasp shareholder sentiment with vision & create real value moving forwards..gone are the days of excessive salaries, high overheads & casino style borrowing..next time will be different, we are looking at new offices currently to engage in the successful future IPO & will retain the company purpose statement.. "We retain our ambition of becoming a significant player in oil and gas production in the Taranaki basin." Below is the proposed site for IRGS's future head office ambitions.. http://www.recruitmentagencynow.com/wp-content/uploads/2013/08/buckingham-palace.jpg
& more torment..
IRGS & the gang thats who..
Just a bit further to 0.5..