Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I'm confused; Calvert has fallen on his sword but is Lady Hau Hau still strutting the catwalk in her fancy salary and has Nick Hargreaves (?) been elected to the Board. The EGM has been cancelled, does someone know what the outcome is? Thanks.
If X% proven to be extractable, then surely all AM needed to do is mortgage 0.000001% of his recoverable reserves to fund WIP to extract? If I had a £1bn castle which needed a new wine cellar why not mortgage x% short-term to finance it? Then when people pay to visit my new wine cellar I can repay the mortgage?
This might be dumb question at this late stage but didn't the RS report confirm the 1bn oil asset? Never mind subsequent PR spin by various parties, can we see the original text, has it been verified? Apologies if this has already been covered.
AM has recently sold a property for £17M; MC of Copl is £10M; SP is at an all time low. Why wouldn't AM and "friends" do a t/o, what's to prevent it? Then his ego becomes king of the castle for ever more, what's not to like from his point of view? What's to stop it? I'm a LTH with average of 11p, so no ramping/de-ramping drivel please, serious question.
What has she actually achieved, apart from walk a salary into her bank account? In fact what have any of the fancy suits on shiny shoes done to date? Just one success story revenue wise... any? I've voted, time to spank some bottomzzzzz
Hitthattarget, I agree.
This has become a chimpanzees' tea party, with "people" thinking they're talking sense and logic, but babbling drivel. Bids and this BB have no chance of recovery but I'm 95% (?) down, so I'll occasionallylook at the SP.
Artemi5,
I have a question. The oil hasn't disappeared but the SP continues to slide, the BOD double their salaries, news is always a bit iffy, Cayman Island type arrangements for the benefit of insiders do occur... So out of 10, what score would you give AM for managing SH interests say since this January...? Based on fact not hope?
Stas,
Your scenario sounds very plausible; why would a company give a windy one for the little PI, when the Cayman Islands beckons, for those who've had access to "information", the inner circle ...?
May have happened on Friday but when was it factored into the price?
It's been asked a few times but no-one has answered; if things are looking good why convert AND sell, why not hold? By constant selling they are making things worse for the rest of their holding, surely?? But what do I know?
That's what GB will go for, ensuring the right people get helpful information at the right time, thus producing loverrly jubberly for those on the merry go round.
Even better would be for directors to take share options in lieu of salary. They've accumulated enough fat to live off for a while...unless of course they have no faith in the future of Bids.......
CLNs + "material uncertainty over whether a going concern" = Draper doubling his salary, "cos I'm worth it...."
The ones I've sent in via investormeetcompany.com are:
1 Who benefited from the link with TradeFlow and in what way?
2 Syme paid £31m for TradeFlow Capital, how much will Syme get from the sale back and when?
Market closes at near 52 week low just prior to big event. Time to squeeze those botox tight and pray.
I'm a LTH, not into ramping/de-ramping and believe the company is sitting on enormous potential. My concern is always how much of the upside PIs get? Two questions-given MMs have more info than we do why is SP constantly falling, even today? How likely is a deal whereby PIs basically get Jack Sugar while AM and friends get the 99.9999% odf the cake?
Everyone can be a Chief at Emperor Draper Nero's table! And of course each Chief needs his own tribe so wage bill must be choking. Wonder what the revenue/employee is....? Or rate of wage bill increase versus rate of SP increase...? Or... I think I'll just go for my morning fundamental :-) :-) I'm a LTH not into ramping/deramping so all hot air balloons can naff orrf
I voted to keep BOD, one being much the same as any other, but against consolidation and name change. I really don't see any benefit to this in the middle of JV/RBL negotiations. How does it add shareholder value? One is heavy discussion, the other is admin detail, sorted once a deal is agreed. Unless AM's Ego won't allow a deal...?
"Arthur’s stained Y fronts, you’ve just put me off my hash browns" AND "As for Arthurs stained underpants may I be so bold as to suggest an overnight soak with a baking soda solution followed by a nice hot wash. Personally i don't have this problem as when I'm at home I am free of such encumberments Ha!. " Amidst the hope and fear, a little humour... Personally my Y fronts are crossed, as a LTH hoping for good times... :-)
Any JV partner has done due diligence on AM's under ware by now and knows the story behind every stain, they don't need consolidation/name change to dress up any deal. If required it can be done after, why announce before? I feel AM is going it alone and wants an outside investor to help with RBL, hence consolidation and name change. In other words a long haul before any sizeable el dorado. I'm not an oil person but am a LTH.
Yes. Turnover is Vanity, Profit is Sanity but Cash is Reality.