Member Info for Willowman

That totally, absolutely, definitely, 100% reflects my view. BOD, stop it, just do nothing because everything you do turns to excrement. Another couple of years and I fear that they will have squandered everything.

Thanks for sharing Van. Andrew, bless him, went the extra mile to provide Kerim with lots of opportunities to talk up Ariana and mitigate the recent news. KS presented as rather less pleased with himself and seemed to be in full damage limitation mode. We will just have to wait a bit longer for the extra jam, it certainly won't be tomorrow but hopefully it will arrive.

Just to add a little bit more miserable old git.

I can't help but think that the remaining £16 million? in th kitty represents many future years of director salaries, business class flights, splendid hotels and rather nice meals out (with drinks of course). I can't see us benefiting from any of that either directly or indirectly via credible investments.

It's a gravy train and you ain't on it!

Van, when you say that the BOD aren't up to the job it really does depend what job you are referring to. If you mean lining their own pockets and feeding the ego of KS then I would suggest that they are managing most ably. If you mean creating shareholder value and looking after shareholders who have stuck by the company, supporting it financially and making success possible for KS then I really don't think that KS gives a fig. He has made a name for himself, made a stack and has a well feathered nest, he no longer needs us.

It's a good job we have a really, really influential majority partner on-board.
Remind me again, what exactly do they bring to the party? I know what they took away with them but what did they bring?

Over to you John : )

My vision for Mtr was akin to it being a distribution hub sitting between the Sandfire nsr and shareholders. The nsr would roll in, gradually increasing in size over time, the bod would skim off enough to pay their salaries and keep the lights on and the rest would flow to shareholders. The share price would gently rise over time, underpinned by the rising value of the Sandfire shares, the rising value of the nsr and the steady increase in yield. Everyone would have been a winner.

illaquens, are you suggesting that the bod have performed well over the last few years? You are happy with the results of their investment activities and pawning a large percentage of the Sandfire shares and wasting the money? Each to their own I guess. Personally, I stayed here for the nsr but I now fear that they will soon be messing that one up.

The best thing that this incompetent bod could have done for the last few years would have been to draw their salaries and just stay at home touching nothing. They just can't leave well alone, they have a compunction to press every big red button and pull every lever.

What level of uselessness does it require to mess up the sweet position Mtr found itself in?

Millions of Sandfire shares, annual dividend and the lucrative nsr to look forward to.

Reading that they plan to activity trade makes me shudder with anxiety. They've co*ked up every single trade they have made so far.

He's a really, really nice chap. Sadly for him though he definitely falls into the category of being totally useless. If he's so worried about there being too many useless people with no "military or economic value " then it would be easy for him to reduce that number by one. I doubt that any sane people would object to him doing that. Then the rest of us could merrily carry on being useless (to the parasite class), mind our own business, leave others alone and simply enjoy our wonderfully varied lives.

I aren't opposed to exploration companies issuing shares and raising funds, if work is to progress then there is no other option for a company that has no income. My only slight concern here is that if the Molopo results are due soon and they are expected to be very positive then why not do a raise at a higher price after their release and minimise dilution?

Thanks for sharing sol, a very honest and solid chat. No airs and graces with PJ, tells it how it is in a down to earth manner.

People are maybe wondering what they are going to waste the spare money on. At least they can now buy back the Sandfire shares from the pawn shop.

Let's not forget the 1g per tonne spoil heaps and the spare processing capacity just 10 to 15 minutes away.

Paul, you really do seem to be a man with two heads. You post astute commentary such as this and then counterbalance it with purile smutt. Are you a Gemini with a large dollop of Aquarius?

Yeah, sorry guys, I replied on the wrong thread. My frustrated coments were not directed at you.

Omg, there really is some nonsense posted on this board. The rns mentions visible nickle sulphides at 327m and between 348m and 354m, that is VISIBLE nickel sulphides!!! That does not mean that there is no nickle in the rest of the core, only that it isn't visible to the initial assessment. Guess what, that is why core samples are always sent to a lab for analysis because that is how they need to be analysed to determine an accurate measure of metal content.

Pawning the family silver was a very poor idea and was always going to end badly. Peed, wall and up spring to mind.

Happy days, thanks for sharing Tray. Hopefully this will keep the price down for a while longer so that some of us can continue to top up. Eventually the selling will stop and "the market" will get to grips with understanding POW's business model. When that day arrives I want to be sat on an awful lot of these.

There seems to be a bit of this going on

https://m.youtube.com/watch?v=F-6VkeBv3G0

Oliver presents as being very capable and confident which goes a long way towards inspiring confidence in him. Very upbeat and positive. Thanks for sharing sol.