Member Info for Terrafin

"Board is considering alternative and supplemental strategies where the Company can better control the pace of developments and news flow"

Or could this finally mean that PC is going to step aside like he did at Tertiary - that would result in the biggest SP increase for years !

Looks like someone sold up this morning.

Not surprising though - nothing form PC on any project for months now - has he just given up ?

Last RNS stated - "We ask our shareholders for further patience, but in the meantime your Board is considering alternative and supplemental strategies where the Company can better control the pace of developments and news flow. We hope to be able to say more about this in due course."

What on earth does that mean - he might step things up and send out an RNS every 6 months if he can be bothered !

Shame on you Patrick - utter disgrace.

£154,794 admin costs - FFS what on earth is this being spent on - lining your pockets PC

No plan, No strategy , No idea, No hope

Get off your arse man and start promoting the company to new investors and the raw materials to the big boys in the US - just sitting back and waiting ( which is what you elude to in the RNS) is not working - you dictate the pace by negotiating properly !

This may come this week - I've see it though -

"Dear Shareholders - nothing new to report , the phone has not rung in the last 6 months but the directors are taking it in turns to sit by it so we have it covered 24 / 7 - for us to do this it is costing us a lot of money so we will be coming to you again about a placing and more dilution - this will enable us to buy a new comfy chair to sit by the phone and a phone upgrade to enhance the chance of it ringing. Until then we are working very hard for shareholders as you can see by the constant flow of news in the last 6 months ! - until next year all........"

I think it says

- Cheatham is a useless lying spanner with no idea or plan.

Comms is truly shocking

- he can't even be bothered to do any of those podcasts anymore but they were all full if BS anyway.

- what does the rest of the board actually do - sweet FA ??

No Plan, No Idea, No Hope .....

-

Progress on something, anything would be nice Cheatham ?

- do you have a plan or do you just sit by the phone hoping it will ring ?

Nice totty.

Whilst I have no time or respect for PC and the board I do find myself posing this question:

They currently have a large number of shares and have invested money to keep the company going so what is their end game

- so what I mean is how do they get their money out at the end of the day ?

With that many shares they can't just sell on the open market as they will decimate the SP further

My only conclusion is that to make good they will need a take over from a bigger player ........... is that even possible ?

No Deals.

No Plan.

No Communication.

No Strategy.

No Replies.

No Share Holder Value.

No Share Holder Respect.

No Chance.

No Idea.

"I haven't seen any mention of cheetham urging investors to support fundraising via shares issues"

Totty - rest assured he will get that in somewhere but no doubt will try and do it so we don't see it - BUT WE WILL PC !!

More waffle and jam tomorrow promises yet again - yawn !

- unless we get something by the AGM come end of March I feel this year share holders will revolt.

Why should we elect Hainsworth as a Non Exec- he's done sweet fa since he joined over 12 months ago

- what is he actually doing to benefit share holders ...?

PC has a month left to get a deal together before the AGM but we know he is rubbish at that so not getting my hopes up ...

From last RNS:

"the Company will now take back control of the Hazen Project, a non-core project for the Company, and further information will be provided in due course."

No further information on this or anything ..... Pioche , CS ???????? - disgrace.

What does PC do day to day apart from ripping off investors here and at TYM .

AGM coming up soon and we need to make management changes - enough is enough - we cant have another year of lip service, smoke & mirrors and no information on anything - does he just make stuff up because nothing is ever explained and no detail ever given .......

Nothing is being discussed and no deals are imminent.

Next news is about AGM and PC will be calling all the big holders to sure up support for his shocking performance.

Placing comes after that ...

The same thing is happening on a lot of other shares too ??

Very strange volume and transactions going through last few days - same happening at TYM - anyone got any ideas ??

Worrying Times

- $800 k for this Pozz site was an absolute steal on paper - BUT it appears that after further work the site is not as good as PC said it was - very similar story to Pioche.

Is PC just trying to BS these multimillion dollar companies in the hope they don't do their due diligence and fall for it and buy - it appears so

It has gone beyond a joke - PC couldn't make it in a used car sales showroom let alone in Nevada - absolute disaster..

So basically they will extend x 2 times more and no answer on this one way or the other will come until March !

Are we negotiating or just letting customers determine how things progress .... ?

Why does PC set up deals in the way he has the last two times -

Giving an option for extension after extension etc - there is no incentive for the buyer to commit on these terms ever ....

The deal should be you have until the 8th Dec to accept or we will take it that you don't want the project and will offer it to someone else......

( 3 months is plenty of time for them to do there due diligence)

He needs to hire a sales negotiator that knows what they are doing otherwise these projects will drag and drag and we will run out of money ......

Continual lack of coms on all our projects yr on yr is a disgrace.

PC will already know the outcome on Hazen - My guess is that this will be extended and we will be told last minute as per normal ( Pioche springs to mind)

God help us if Nevada Cement walk away form Hazen in a few days time..... No news at this stage means no deal so lets hope its an extension ....

Safe - dust the cob webs of that big wallet of yours and snap up a £1000 of SRES ! - now is the time :)