Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Saw the below posted over on the ADVFN Chat summing up recent financials and it doesn't make for pleasant reading. Wish that the likes of StockBox Media etc would ask them direct questions about as much when they interview them.
"Corcel has a market capitalisation of £1.74 million.
The total remuneration for directors last year was £496,000.
That's £496,000 of shareholder funds that was appropriated last year to pay the likes of Scottie and Parsons. Parsons, an Executive Chairman, who "dedicates" two day a week to the company or 104 days a year for £192,000. Nearly £2,000 a day. A reward for share price decimation from 3.25p to 0.3p in 3 years.
Scottie and Parsons, £35,000+ remuneration per month between them, now want out of FGS because they see a "recession" looming. No peer in FGS is liquidating. Not even MAST. Were Corcel ever in FGS? Where's Southport or Burwell or Altana? Where's the huge pipeline of opportunities in FGS that were being kept secret until they were nearer development? Have shareholders been misinformed? And for what purpose?
Any value in this company is fast disappearing. Can anyone guess to who?"
Not sure why Scotty Boy is posting this and why the circle twitter page is not!
https://twitter.com/KaintzS/status/1591002686195134464?cxt=HHwWgMDTte-gsJQsAAAA
Yeah, vision, timeframe & funding for each clearly planned out would be nice. Not just a crappy bar chart/Calendar thing that gets extended on each quarterly presentation.
Still, i'd take today as a positive, but with more details to follow
End of Q2 this is gonna look very different!
A once disgruntled shareholder, but thanks to some of the informative research and comms on here, has averaged down and is looking forward to the future of this share.
GLA