You don't know my wife.
"Their grievance is with pc and his handling of the project and I agree with them but NEVER HAVE WE POSTED AND POSTED AND POSTED AND POSTED WE WILL GI BUST. "
That's because you are all so unable to countenance the idea of losing your whole investment you're deluding yourselves. A CEO who continually mishandles projects eventually busts their company. This is how business works.
The thing about believing a thing, and then not believing a thing, is it's usually a sign of learning and being willing to admit you were wrong.
I've met a lot of seemingly bright people who are failures in life and they all have that refusal to admit mistakes and learn in common.
"Your mistake Shelly is that you try too hard you see for someone who says isn't interested in buying here. Desperation for the price to fall LOL Inadvertently you're probably doing a few of us a favour but because you're such a scoundrel we will continue to give you a hard time."
Your theory that I want to buy back in is quite insane.
"Once we move upwards he will disappear."
I will be here until the bitter end. I am going to say 'I told you so' the day your balance hits 0.
Thing is Rodster, you have realised you've made a mistake yet.
There's nothing excellent in the recent RNS'. We have started from scratch with some new people and applied for another license just as the US heads into a massive recession.
This is no more positive than the vague reassurances that comforted wishful thinkers at the last AGM.
I did not fully realise the mistake until PC let an almost 2-year long negotiation slip through his fingers.
If you look back you'll see I started getting alarmed about him not conducting negotiations with multiple parties simultaneously, and querying his general activity levels, weeks before the deal fell through though.
The difference between me and thee is that I refuse to cling on to a bad investment at all costs. Some people think bad investments always come good if they wait long enough. Not the case. Lots people likely to find out the hard way with this one I think.
Note that their loss figure in 2021 did not include pre-license of reconaissance costs.
From the 2021 EOY report
"The Financial Statements show that, at 30 September 2021, the
Group had net current assets of £399,384 (2020: £1,048,356)."
So they actually spent about 600k that year. Any dicking about doing 'reconnaissance' with new projects (e.g.. sepiolite or precious metals) will see the cash run out much faster than November.
"Especially when the narrative you are trying to push is some strange scenario where a company that owns a mine permit for a scoop and bag operation simply closes the door and folds because it spends all its money on Directors wages."
They absolutely can run out of money. They spent hundreds of thousands last year. It only gets topped up through a placing. But lets not forget what a placing is; it's asking people to invest, yet again, in a company with a 15 year history of failing to generate revenue. There's absolutely no guarantee that the placings can just carry on forever until you get lucky.
I made a mistake in buying this stock Clairviator. Unlike the poor LTH holding on to the bitter end hoping to see 6p, I can see when I made a mistake and cut my losses.
The white knuckle crowd are going to lose everything because they just can't face the prospect of seeing *some* loss now, so they just cling on bitterly hoping for a miracle and deluding themselves with articles about climate change and reassuring but fact-free storytelling at AGMs.
SRES is going to run out of money well before it could start generating revenue. Best chance we've had is gone after over a year of tyre-kicking. Wake up and sell before you lose it all.