Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I’ve been in this share for years , like most of these boards people don’t want to hear opinions unless they support theirs . Why I don’t post often as all you get is insults . I’ll look in in another 2 years and see if a better class of people on here to have a sensible discussion with .
Cut my message off ?
Revenue less than £100k , debt of millions repayable next year , placing due , business strategy changed again . Company may have a long term future but doesn’t warrant current market cap IMHO
I’ve been badly stung financially by SML believing all the early hype .However I do maybe naively hold out some hope . I do think the assets are sound and in the right hands could be successful. The issue with aim is PI’s are overall apathetic and allow the BOD’s to get away with lack of performance whilst rewarding themselves well . This is now last chance saloon for this BOD and if no movement in the next 2 months I think you will see a concerted effort to remove them as collectively the lions share of the capital is now held by disgruntled folk . For this to happen there needs to be a workable plan to run the company without them . My hope is Peters etc finally come through but if needs be I’m sure there are many SML PI’s who could run this company more effectively than the current BOD .
Can’t remember who was coordinating the picture around calling an EGM but think we need to get moving and build some momentum . I am also going to try and contact RAB capital and the Manners family to understand why they are not more concerned about this BOD and lack of progress .
We need to sell Redmore or sell LCCM to finance the other asset . Carrying on as we are burning through any money from Cobre just to pay current salaries with no other progress leads eventually to folding this company up . We need an EGM and Peters to give us a clear strategy on moving something forward . I for one can’t listen to 1 more jam tomorrow story .