Member Info for Tick-tock

We're in trouble here given the following statement in the accounts released today "It now falls to myself and the team to continue Richard’s work and I look forward with confidence to continued success for the Company...".

When will this publically listed company smell the coffee and realise that the only success factor here is creating shareholder value. Right now this company is an abject failure and management needs to step up and deliver asap.

Unfortunately with our share price continuing to reach new lows, I think it's more than we are now in 'punt' territory.

I was reluctantly happy to cut the Professor some slack whilst he was in charge, partly due to his unrivalled track record but also due to his age.

But this negligent behaviour towards shareholders has to stop. We're a listed company and the directors are duty bound to behave in a certain way. If they're not up to the job then move aside and let a new team push on and deliver for the sake of the Prof and his legacy.

Will the management here please step up and let us know what the plan is and, at the very least, who is in charge. Of course the passing of the Professor is upsetting but hardly a shock and the company should have had succession plans in place for at least 20 years given his advancing years. The treatment of this organisation towards shareholders over a long period has been unprofessional at best and simply not acceptable.

Very hard to put a positive spin on this.

We just need the end game asap, otherwise Conroy and co will continue to milk us dry and leave nothing for the smaller shareholder.

Desperately disappointed as a LTH but can't be surprised as this contempt for us has been displayed time and time again.

Wow. Disappointing to say the least.

Why no attempt from the company to manage shareholder expectations? They must have known there could be a 3 month lag between the hearing and result so why not tell us? If this came out the blue then tell us you are disappointed we have to wait.

No doubt we will see a sea of red today and shareholder sentiment will be further dented.

Plenty of time to arrange a fundraising before the hearing result...

I guess the lack of an RNS should come as no surprise and is consistent with what we have come to expect from management. If they felt that finding out the date of the court hearing required an announcement then zero reason why the hearing result, or any delay, shouldn't require the same.

Toffeeman - shame to see you having to sell so many shares given we are (supposedly) so close to the end game but all the best for the upcoming wedding. Just shows how much time we have all invested here, and so far nothing other than dilution to show for it. I had no kids when I bought my first shares...my daughters are now 11 and 9! Oh well...this time next year Rodney...

Great to see some positivity back here.

Seems like the question is not whether we have the credentials to deliver value but whether we trust the Prof and management team to do what is right for the wider shareholder group. A lot of people have seen their investments decimated over the past 10 years and the lack of urgency and communication, the unsavoury share issues and family appointments means the trustworthiness of the team has to be questioned.

Naturally, I hope this is the end game and success is in sight but I'm not counting my chickens yet.

This has probably been covered many times in the past 10 years but I've forgotten the answer so please indulge me.

What exactly is the role of Maureen Jones here? Is she the MD in name only or does she play an active role in (I use this term lightly) driving this business forward?

The prof is the face of the operation and largest shareholder. He therefore gets the brunt of any heat from shareholders (nowhere near enough in my opinion given the terrible communication and speed of progress), whilst Maureen goes completely under the radar.

Should we not be treating the prof for what he is...a 90 year old with vast experience but ultimately someone who you wouldn't want leading a business. He's chairman here, not MD or CEO.

So who is Maureen Jones and what does she bring to the table on a day to day basis?

Back to the Copper tweets and no communication to explain why the podcast didn't take place over the weekend.

Standard KDR behaviour.

Someone wake me up when something happens.

Feels like management are just trolling us now on twitter. Moved on from the Copper tweets to continually rehashing parts of the half year accounts which told us nothing in the first place.

Please, either get a move on or put us out of our misery.

Another week ticks by.

This time with positive sentiment from valued long term holders and a welcome increase in volume.

Unfortunately no announcements from the company.

I assume nothing is forthcoming this afternoon so I wish you all a great weekend and here's hoping next week could be our time!

Love the energy here tonight Yogi and Hoops - nice work guys! Also great to see significantly increased volume after a quiet couple of months.

I guess my question would be...why would Rio, or anyone else, see now as the right time to pull the trigger on a JV or full takeover? With no end in sight with Russia-Ukraine, the escalating situation in the middle east, the uncertainty of a US election, current economic turmoil impacting inflation, debt markets and diamond prices...I want this deal to happen as much as the next person but nothing has happened in the last 10 years when the world was a more stable place, so why now?

Protect what shareholder value? My shares are 90% down on what I invested...

The only thing I hold onto here is that surely the Prof will want to be around to see a deal happen.

Unfortunately it's impossible to put a timescale on things here. We could be sold within 3 months if the BOD wanted to. On the other hand we could still be here in 10 years having just celebrated the Prof's 100th birthday...

Hard not to conclude here that the Prof and the wider BOD have complete contempt for long term shareholders. They should be embarrassed by their behaviour over the past 10 years but they really don't care.

Yes, I think this will come good.

Yes, that will make me happy.

But boy, I'll still struggle to have nice things to say about this lot.

Insight always much appreciated, Yogi.

Hope for your sake, as much as anyone else's, that good news isn't far away!

Interesting to see our sister company adding the Prof's son-in-law as a non-exec director today. Not unexpected given his daughter is already part of the puzzle but doesn't sit right for a public company to act in such a way.

Wonder if we'll get a similar announcement tomorrow? Guessing such a move wasn't mentioned at the recent AGM.

Hard to be positive about such appointments and just reiterates the need for the BOD to get a move on here in order for non-connected shareholders to realise some sort of return.

Thanks for the quick reply both.

All sounds very promising but here's hoping the positive signals convert to tangible returns soon :)