Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
How kind you looked that up for me .... see you say you don’t care .... but you do, at least a little... it’s kind of sweet.
The fact that you don’t know the difference says a great deal .... I suggest you start by looking at the FCA website.
Inan,
You see you have the impression that you were in an earlier post ... “why Aimbig is not a Director
and Those of us who are (not scancell)”
As C7 calls me AIMBIG I assume you were referring to me ..... saying I was not a director and that you were and by referring to scancell it sort of implies that you are a director of a similar listed company.
So you are not a director of a PLC ... could have just said so.
Inan, you are a director of a public listed company ? You sure I am not or have not been?
DA, if we can get a few others I will join you in mailing in a letter ... however I think it should be restricted to 2or3 priority questions at this point ... so as not to dilute the message...
Ratty, my dear old thing .... I expect you mind is being blown .... that someone can think independently and without checking in with Inan as to what that thought might be, that someone thinks shareholders should be able to influence the BOD of a company .... all very trippy stuff I know ... I expect for you these concepts seem other worldly,hence you may see them as hallucinations. ......
C7, you want me to justify my view of cash dwindling... you said “Well i don"t agree with you, particularly over the ""dwindling cash" “
Does that mean you think are cash levels are rising ?
Here is my justification for the comment .... we have no income and each month we have expenses .... that leads to cash dwindling ? Unless I am missing something. In your post you then pointed out all of the things we are spending cash on .... so once again, no income ... One off and recurring expenditure.... cash levels fall. Please let me know how you see it differently.... just to be absolutely clear you say we have enough cash to see us in to 2020 .... I say I am not sure that is the case but even if you are right BOD can not let cash level fall below a certain point which is probably reached in the next 2 months or so.... so we have a difference of @6 months .... this is not a large difference in the grand scheme of things ... our cash position is fast eroding in either scenario.... you clearly don’t like the term dwindling so let’s agree on another, you can choose .... eroding, depleting, drawing down, diminishing, falling, being consumed .... you get the point
The more I think about it .... the more it makes sense .... the board and management need to be upgraded ... even if they pull us out of the current nose dive they are not the right board for the company we all think we can and should be. I actually don’t think it would be too hard to get 5% or so of shareholders to sign up to a letter .. even if you were to leave Calculus aside for the moment.
What I am not clear about in my mind is what it would be acceptable to request ... how would people feel about requesting David Evans was appointed as a Independent? Other potential names ? My other issue would be communication with shareholders .... I know some have issues with pay ..... anything else that should be addressed as a priority?
Hopefully soon ..... there are two issues firstly ending the rout but then you have to undo the damage done to the share price swoon... the big one, a huge value deal would obviously take care of that ..... but in the absence of that and a return to the current communication approach of the board, it will make the climb back to a sensible price hard .... not only are the board burning cash they are burning credibility .... the cash can be replenished.
Crumbs, agreed that nothing from the pipeline is reflected in the current SP .... bit only half things in check I would suggest that most of our BOD is reflected !
C7, in the absence of other news a 2 month delay in trial start date will be pretty bad for the share price .... even from where it stands to day .... that is before you even start to look at the dwindling cash situation. We need a deal or trial start date and we need it very soon.
Seems like someone is not a cricket fan ....
Ray, but sadly that does not mean it won’t be even better value next week.
Bob, a bit binary but the sentiment is well understood .... it seems a good number are choosing the second of the fs you allude to.
You have gone and done it now.... there is a good number on here who don’t like the idea of BOD buying shares, never really understood their issue with it myself.... it is logical to me that LD in particular would on occasion top up her annual ISA allowance with her own science especially at 5p per share. But a lot do t see it that way.
Before calling for an EGM the first step and the easiest with respect to organising a group of smaller individual shareholders, would be to agree an identically letter among ourselves to each send individually to the chairman. It would provide a summary of the issues that need to be addressed and if we could come up with a candidate for an independent director, requestiing their nomination. I think if you could get say 5pct of the shareholders to do that you would start to get their attention, bring someone like calculus alongside (who you have to think can not be happy) and I suspect you would see the board respond to the issues raised.
I wonder if we have enough shares between us to call for an EGM and shuffle up the board a bit .... ??what do you reckon Inan, Ruck and Crumbs ? Might be long board meetings but I would go for that slate over the current shower.
Even if management manage to pull us out of this nose dive there needs to be changes .... that they have allowed us to get to this point .... that they have made no effort to regularly and effectively communicate with shareholders proves to me that they are really not up to the task of running a publicly listed pharma.
*18 to 24 months