Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I have been following this company for a while and was thinking yesterday of taking the plunge, but just thought it might drop a bit lower. He who hesitates.
Ha ha! Pires just released a statement, 'Pires latest investment is in an investment company that is in worse shape than we are. It probably won't do too much for our share price but holders can rest assured that Redmond will be picking up another sixty grand a year wages from Armstrong'. Ok, I made that up. God, Redmond has made me so cynical.
Thought we might have more interest this morning after that big buy on Friday, would love it if someone had got wind of a deal in the pipeline.
There are phone numbers at the bottom of most RNSs. If you call Redmond on his mobile he's usually happy to talk. I've been a share holder in Pires since they became Pires and every time I've talked to him he says they are on the brink of signing a deal and just going through due dilligence. Needless to say, it usually turns out to be bullsheet, but the Rame deal was a great one, and the fact that they've set up a subsiduary would suggest that they could have something big in mind!
Pires unfortunately aren't. Yet.
I hesitate to get too excited about this share, given the long drawn out slog over the last couple of years, but nice to see that things appear to be finally happening. Quite a few interesting points in this RNS, not least that we are making a profit!
Yup, spoke to him a few days ago, 'Yes, there's plenty coming, two or three exciting deals that may close soon.' All his usual bulls**t and never actually materialises. I'm getting well and truly fed up with his performance.
Ha - good luck! I'm not buying any more of these little fukcers!
Our one investment gives a decent update. One small Sell, and we are down 10%.
There's an interesting thought
Well it's not a miracle, but it's certainley a start. Now we need a big investor and another deal! Come on Redmond, pull your finger out your ass and get on with it!! Aren't we due the AGM?
Else of the opinion that we are completely fcuked?
Cash and liquid assets of about 900 grand, Rame investment worth 600 grand. Market Cap of less than a mill. The Redmond effect. It's a real anomaly.
God I hate this share!!
I make that 4.5% - holding RNS time! And of course no rise in the SP.
Oh for fooks sake
Only one sale this morning for just over 2.5 million, and that caused the SP to drop 4%. If one small sale has such an effect on the share price, that would seem to indicate that there aren't too many shares in Pires floating about. Assuming that the overhang from the Otterswick/City Equities affair has all been absorbed, we could be on the brink of a decent climb. Assuming of course that someone would buy some!!
Can't believe that these aren't more popular with Rame float tomorrow. Wonder if people are steering clear after PR pi$$ed away all that money on Manas in LDP.
Ha! Palmal is reborn!
Starting to fall into place for PIRI - yet still the share price does not move . . .