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Surprised that PIs aren't piling in here! Clearly, great news travels even more slowly than good news. DOH!
A dead glow-worm in a jar wold dazzle us more!
If Malawi govt. doesn't get a move on, they will be overtaken by development of non-rare earth magnets (which are cheaper and stronger) currently being developed in the US and due for launch later this year. I will give it a few more weeks and then I'm out. Very disappointing.
I'm not legally trained (perhaps someone who is can suggest something better) but for what it's worth here's my draft:
don't delay, email today. We might not get anything back but can help prevent a repeat performance!
Dear Sir/Madam,
As one of the unfortunate investors in Deepverge, I wish to inquire if your department has investigated any concerns regarding the apparent malfeasance, irregular and/or fraudulent activity of the above company - most notably the actions of its directors in the conduct of that company.
It would appear to me that on several occasions the company and its accountable representatives made false and/or misleading statements on several occasions aimed at deceiving existing and prospective investors.
Yours etc.
There is nothing so disastrous as a rational investment policy in an irrational world.
Love the oblique honesty of the RNS re.Shared Prosperity Fund. Did someone forget to mention that there is a second such fund? Otherwise known as the pockets of unwitting PIs?
What am I missing here? Stonking great news and the SP can't even manage a 10% rise. Is this the new economics?
Any how, well done Incanthera! Onwards and upwards . . .
Jrolmax: Please don't mislead: the RNS states: " . . . is pleased to confirm it has received approximately US$116,000 from a large multi-national company ("MNC") as payment for the previously reported circa 1,000 tonne bulk sample of washed coking coal. "
Now, of course, the qualifying word here is 'approximately'. Does that mean US$110, 000 or 120,000 or something else. Yes, I too am very sceptical and now wish I had gone with my gut feeling when I bought in at 0.72 but them's the breaks. But if you are going to quote an RNS, please do so responsibly. EoL.
Oh, you are awful WWP: such a tease! All this research you have done and yet not willing to share it. Did no-one tell you that this is what BBs are for . Interesting that the Twitter pic fails to actually identify the man shaking the Great Leader's hand?
Well CGO is clearly a "no deal" for our BoD, none of whom has invested a brass farthing since 2021. Oh sorry, but they have invested their time but then they did get paid for it. The strains of a lifestyle company. A nudge is as good as a wink to a deaf horse!
Maybe salving something before all is lost.
Not sure as to its reliability but have just seen the following on Smply Wall St.:
"No longer forecast to breakeven
The 4 analysts covering Bushveld Minerals no longer expect the company to break even during the foreseeable future.
The company was expected to make a profit of US$13.2m in 2025.
New consensus forecast suggests the company will make a loss of US$3.97m in 2025."
Hopefully this forecast is wrong, but I am not an analyst in not is a position to challenge it. The long wait for a return recedes further in to the distance. Apologies if I am raining on anyone's parade.
A massive incoming contract from Hell! To stoke the fires for the beloved R. Mugabe, shortly to be joined by his erstwhile henchman
7th April 2021; hardly a word, other than reassuring utterances, since then. Are any actual, reasonable bids on the table? Yes, sure, us PIs are in it to turn a profit. But we lent you our money because you hlturesped to turn it positively. But no word, no communication, we are trying to build it out. Zilch! Oh, sorry, we are all capitalists vultures hoping to prey on your efforts. But u asked us for help (money/investment). Please review your obligations. The Devil deserves his due.
What has TTAU done with my money? What's happened to my investment? TTAU said/claimed/expected it would bring forth positive returns. Am I looking though the wrong eyepiece? I can only see negatives!
Please tell me where I have gone astray.
Perhaps I am (hopefully) getting this wrong, but is the subtext "we get more, so you get less"? only askin as a PI! DOH