Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I have to say I'm a bit disappointed with the results. Lots of landing and not much expanding it seems. Bird continues to talk a good game and surrounded by positivity working with virtually everyone of note but it just isn't being reflected in the financials and they are still losing money despite a very healthy margin. They prattle on about the value of their patents but is it actually worth anything with the turnover this low.They are just not turning over enough.What's going to change and how is it going to change. Hopefully, we get some answers in the presentation. !
The timing of Lloyds departure does seem strange and I wonder if it is anything to do with further discussions with PKF Littlejohn and the Nomad. Lloyd leaves with a nice golden handshake of share options. Nice work if you can get it. !!
Sweetchariot... I'm asking a hypothetical question...Is it coincidence or ?
Interesting that Lloyds goes on the very day he is able to exercise his 26m share options .
I'd think it would be pretty awkward to Lloyd Jnr to stay in post. !
I wonder how the Lloyd Dunn fan club Vox markets will react this news.
“Everyone wants to work for Lloyd” blah blah blah. Expect a mass exodus of DX staff !!!!!!
Not the best news in my opinion. Lloyd and the team had done a great job turning around the company appointed by Gatemore. Ports... It may be fall out from the CG issue but equally there may be some fall out on the future direction of the company. Are Gatemore's fingerprints all over it. ? Just what we shareholders want, more uncertainty. !
Yeah FJ. In addition I wouldn't of thought there would be huge queue to support a board who are responsible for corporate governance failures and possible law breaches.
Alas...
I note with a little smile your post from six days ago I quote " nothing would induce me to place further business with the company" I respect your opinion like all opinions. "But what exactly underpins your point...apart from sweeping generalisations. You don't need to tell us to suck eggs". Everyone on this board knows or should do what can happen in the stock market especially the AIM. There are examples of everything everywhere you look.
Alas ...... paragraph 1. Are you serious. !!!!!!!!?
I have no idea deep but I have to say that a feel bit apprehensive about the next month. I don't really subscribe to view that a bit of CG work advised by the Nomad and the appointment of an Auditor makes everything rosy in the garden. If we do have a smooth ride , get the accounts and and the share suspension lifted then I'd consider that a good outcome.
But it doesn't mask the fact that all shareholders have been treated pretty shabbily by the current board for long time now. I think its a very uncertain picture and I agree with I think Ports who had concerns what the II's will do when the share suspension may be lifted. I can't see any real growth in the share price before Christmas, I think the economic and investing climate will dedicate a fall in the SP in the low to mid 20's, I can't see how the DX investment case becomes more attractive later this year unless there is some sparkling news. We are as we have been for the last 9 months .. in no mans land !!
Yeah...Looks like the new company sec is a solicitor to replace deards. Let's hope he ensures the corporate governance work as required by the nomad is completed promptly and it is a relatively smooth journey to the publication of the 20/21 accounts in a month or so.
I see the website has been updated to outline the bio's of the Non Execs. JK seems a very busy boy so lets hope he has some time to bring something the table.Just about 6 weeks before we should get some results. Let's hope there is no news in the meantime to burst a bit of positivity.
With all the experience they have on board they shouldn’t be having difficulties getting customers if the offering is good enough. Internal promotions are good in my opinion, it’s motivating and we need switched on people coming through.
Looks like we have a new sales director for DX freight. Internal promotion which is a good thing and some young blood. !
That was the termination as company sec. His title was changed on the website from head of legal and company sec to just head of legal. He was pictured and listed as head of legal a couple of days ago but he’s been removed now.
Looks like Russell Deards has formally left the company as he has been removed from the website. He was still there as head of legal yesterday . Not surprising if true.
With the appointment of the two non execs today I think we can assume there is more than enough logistics experience to make success of whatever strategy they adopt moving forward. I wasn't pleased that Gatemore more or less bullied there way onto the board and would hope that with this appointment Meidars influence is not as great. I'm a little more positive than I was.
Well, Well Well. Dx have provided some clarity... in relation to trading anyway which is all we are likely to get. Good news on the depot openings and on the face of all seems to be going well operationally behind the scenes. Let's hope there are no more curved balls in the next few months.
Well e-mail. As someone said we own the company. !. What info could possibly be used against the company ?. To have the situation shrouded in mystery as is hardly helps the company.!
The company is full of platitudes... it's plastered all over their website about their stringent corporate governance which is the responsibility of their chairman. CG has been a complete failure for over a year and there is by their their own admission more work to do.
You are right that it is a positive step that we have an auditor....but 5 months to get one ?
DX have already stated that there was the possibility the shares would be delisted today and they have addressed it in a vague roundabout way. It's appalling.
There are substantial executive failures at DX and no-one of any note has taken responsibility for it. A bit like the government. That's life. !!
As clear as mud but we have the extension it seems. The intrigue continues. !!!!. It’s still a complete mess.