Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Poulden will over- egg everything if it looks remotely extractable. Some of Last drill results were sat on for a while so folk would go away and forget the company until he could come up with a strategy to find some shiny bits.
Least he has some now.
Oh gosh yep, there have been options, warrants and somewhere the carrot of a cash bonus to get the pump and dump going.
So in Jan 2020 there were share issues for execs with warrant prices of 2.0p - really got the pump going, until the May 2020 placing.
Nov 21 placing oversubscribed placing price of 1.6p, to be fair to RAB they bagged a few to keep their man on the board with there 10% holidng.
Minor pump until April 22 placing to raise £8m. Although the footnote of a promise to close finance in Q2 2022 didn't quite cut it and the share price has only bumped along since.
Can't see where the actually cash incentive was to complete funding, I am there was one.
I could on the pattern of behaviour say due to the late fund raiser we probably will bump along until a last ditch at more funding sometime in Nov 24.
Or will there be a red dot tomorrow?
Musky Balls does have a charitable wing, but he tends to throw it out in the States where his philanthropy is more likely to attract the attention of institutions who churn out award ceremonies for his good deeds.
Hardly likely he'll waive any monies so a flaky component company can keep some Aussies in work.
We'll see sure enough.
So if Harry is so sure he is going to deliver, why not remunerate him every year and attach a warrant price of 2p or something sensible. Surely he would only wish to take 10m shares from an equity issue and be happy that everything was ok.
I'd just be happy to be allowed to drive the digger.
Thing is here Rob is you are heavily invested here and let me know if I am wrong but you have a need to ramp on two boards?
If you think a CEO doesn't ever play a slight of hand when protecting his own assets then you may not have been following markets for long enough to see how quickly they dissolve once a red flag or two start to appear.
The net is littered with such companies including a few in the UK 100.
Looks like you only post on Kefi here as well.
Hope you didn't put all your eggs in one basket if it goes t*ts up.
Rob that's my problem Rob, you used to verify this info externally away from Kefi's published words.
You don't supply any new information on Semarang Enterprises Ltd from Cyprus listed companies.
For instance it appears Semarang hasn't filed any company reports since 2021.
No doubt you voted for Harry's brown envelope, now I am even more glad I didn't.
DV yep I see the pattern of behaviour but is HA getting away with selling his salary shares via the investment company on the pump and dump.
Gullible as I am I had hoped Kefi weren't trying to hide how their director managed to happily continue to dilute as PIs like myself believed his own shareholding was being diluted and he personally was also taking a hit. I am now seeing how wrong I was potentially was.
:(
So Kefi recent RNS tells us Harry is the sole director of Semerang.
Releasing accurate information to the market is an obligation and breaches of it are market abuse.
Hardly likely shareholders have any recourse but it would be nice to verify info released in any RNS
Not to distrust Harry, however I used to be able to access his family share holding account trading info.
Semarang Enterprises Ltd acts as a holding company for his lucrative salary. £200k worth 33.3m shares if investors are gullible enough to vote them through for him. Just worried this Semarang Enterprise Ltd vehicle is slowly disappearing from public scrutiny.
Can anyone here see if Semarang Investments has offloaded any shares in the last couple of years?
I admit I gambled on the court case.
Never realised it was going to sink the company, I believed the BOD. If I'd had a whiff I could have given the money to charity instead of TSLA which really doesn't need any more assets , they just need a poke in the eye.
Rob, with your capacity to create an abundance of posts here, well that vote could double, otherwize PIs who don't get the nod when to buy and sell this share might aswell just lie down and die.
Regarding the TW quote, I did pick up on this board and commented myself. I don't believe TW is against apologising where he makes a mistake, but saying that he is very thick skinned so apologies from behind a paywall are quite difficult to verify.
Why bother mentioning Saudi in the main income, just because HAA thinks it is like an express train, the reality could be much like watching a slug getting up in the morning and wondering off to find a lettuce?
Oh and then there is the real value to Kefi's stake.
Wouldn't surprise me if TK gets funding Harry takes his payoff and retires in happiness somewhere where all his insider mates can all party themselves out.
What's also worrying the Govt are using Chinese, Turkish and Iranian drones to bomb their own people in Amhara.
Of course there is no real money in the bank yet. Enough to hand over some brown envelopes to the Saudis so Harry can have a beer in a bar.
I remember back in June the company made it look as if Harry only had a little bundle of existing shares. A couple of days after I pointed out on this board of the hundreds of millions of shares he owned through his holding company someone flicked a switch on LSE and the numbers incremented a small amount.
Even at these prices Harry's accumulation of shares could afford to buy him a large B&B in Cyprus.
We should make him take is remuneration at 1p a share give him an incentive to think of the poor LTs who only have hurt to hold after years and years of him pottering.
I am sure I apolgised for ramping this way back in 2023. TW is slow to do this. However I am sure I wrote to Tom and warned him that Richard Poulden seemed just abit flakey sometime before Covid, just concerned me the offshore Gib office and that Poulden never answered emails. Tom just poo pooed.
Gold is always going to be desireable, just Gold miners don't give a t*ss about shareholders all too often.
I am not going to pay £1.99 to an insider who if he had a honest bone would be happy to send an apology for free.
I always vote against Harry's nest egg being handed over.
Maybe a subsistence allowance and travelling expenses but shareholders must be so wealthy themselves they just sign off his Pension fund willy nilly.
Lost for words.
Some of us had a chance to break even looks like I blew it.
No doubt Harry will allocate himself a few million shares to cover the dilution.
.6 is the standard giveaway to Harry's mates.
Hope I am going to regret being so twisted.
Is it too late to run this as a charity?
I don't expect to get much of my dosh back, but perhaps more lives could be saved if philanthropists gave their cash to this potentially revolutionary medical scientific research.