RE: The way i see it...30 Jun 2023 23:33
David, that is a ridiculous post comparing 2019 sales to 2023 sales. I'm surprised you posted that given your many years of experience in investing. People buy shares for future growth, we were told annual production would eventually be 400kt - that is why people paid 15 per share. If you had told those people that four years later they would be selling the same amount in half a year do you seriously think they would have bought the shares ?
Everyone is aware of the macro economics that have resulted is the fall in sales - everyone that is apart from Brian. His lame excuse that the market has not forgiven him for his profit warning 5 years ago does not hold. It's things like the Miriri project shamble, the mish mash of sales figures that appear in the RNS's that then get changed three months later that give the city no faith in this company.
I sincerely hope overheads are being reduced, starting with the bloated workforce, we appear to have doubled salary costs for a 38% increase in sales year on year. God knows when we find out if the 33kt is part of the 120kt total or separate. Perhaps 30th September. Congratulations to those who bought shares today but I will not add, even at 1p as I have zero faith in this man now. Here's hoping for an upturn in the third quarter