Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The board deciding to turn down offers in the best interest of creditors . No surprise that shareholders who actually own the company get nothing . Sorry for all those shareholders who believed this BOD were acting in their interest but unfortunately this was always the way this was going to play out . Probably some behind the scenes arrangement for someone’s pal to pick this up for nothing from the administrators . IMHO
Sorry to say I think this is heading one way . Debenhams was very similar , i chased that down to virtually nothing hoping for a way out but potential buyers waited for administration and then bought the brand . Shareholders got nothing and now Debenhams trading as an online store . Hope for those who stick it out it works out but I’ve sold out now as the risk is too great .
Looks like the same path Debenhams went . Will go bust , be picked up for nothing by another business and shareholders get nothing . IMO
Just reported only 6% of burglaries and 4% of robberies were someone was charged over the last year . Police obviously got their priorities right looking in to comments on here - what a disgrace .
I had a good email exchange with JP last week . I raised a number of concerns around performance of the Company and BOD . Although we don’t agree on all the points raised I was pleased he took time to address all the points in his response . He still believes LCCM will be financed and operational this year and that the share price will be nearer 1p at year end . Although the jury is still out and we need to see concrete evidence of progress it did solidify my position on holding and waiting to see .
I’m significantly under water and hold more shares than most . However I’m still hoping for a turnaround . I agree the BOD have been hopeless and bordering on incompetent but I need this company to succeed . This board is pointless if opinion can’t be expressed without insults being thrown . I can’t make the AGM but wish I could to see who Hursty is and understand what he wants from continually trashing anything positive that is put on this board .
Long RNS that doesn’t say much . No mention of delay to the PEPR approval .Looks like annual meeting will be face to face - can anyone attend to ensure the BOD are challenged on their Constant failure to deliver what they say and destruction of the SP . The RNS also says the raise was used for LCCM - I thought it was for capital equipment replacement for Cobre .
Why is the approval of the watered down PEPR taking so long ? Another quarter will be gone with no visible progress with yet another delay to starting up LC . Love to see what the BOD are actually doing to earn their salaries ?
I agree has potential for massive upside . All depends on the unconditional approval for LC . If we get it this year provides real leverage to tie a loan down . If not I think what little trust or hope that the BOD are being genuine will be gone .As a long suffering PI on this share I need something concrete to restore faith in the competence of these guys to run this business .
I’ve been in all the way through this . There have been elements outside the BOD’s control however what’s so frustrating is their lack of contrition for how many of us have lost significant amounts of money after listening to these half truths and misleading statements . I’m so far under water I can’t sell up and pray they have some decency and competence that will eventually bring some value back .