So long as we accept the opposite is true of whatever the BOD tell us, then we should have a good idea as private investors about what is really happening.
1) If they say there's oil - we know there isn't. 2) If they say no more bad news - we know there is. 3) If they say no ring-fencing needed - we know there is. 4) If they give us a planning deadline - we know they'll miss it. 5) If they say fully funded - we know they plan another placing. 5) If they say they have no plans to take us private - ?
RE: Re: Newcrest Sus........... / off topic08 Nov 2019 13:44
Sorry... just getting bored waiting for "something" "anything" to happen across my entire investment portfolio... LOL ;-)
I agree... the human race is tribal... hence my point: the need to "try' to work together... not fall back to tribalism which will inevitably lead to war. Christ, we even fell out and had a war over bl**dy COD!
There's really no hope if each country puts up barriers and shuns the European Union IMHO... but that's my last word... okay... I'll get my coat too
RE: Re: Newcrest Sus........... / off topic08 Nov 2019 13:00
IMHO... When countries fail to work together in the common interest of their citizens... they just find things to argue about... which then escalates into fighting and war!
You would think that humanity would have learned that lesson by now and realised that "compromise and collaboration" is the only way forward in a world which is much smaller today due to growing affluence and the increased demands of an ever rising population... Instead we have to deal with growing protectionism and rising nationalism... after two world wars for historic reference!
It does make me wonder about the common sense of humanity and the prospect for its future if our politicians and the general public that support them can really be this stupid! :-(
I seem to remember you calling the bottom at 1.10p not so long ago... only for the SP to find a new low.
You should already know that it is in RiverFort's best interest for the SP to drop lower each time they convert... which is why investor's gave it the "Death Spiral Finance" nickname in the first place!
SP should bottom out by Christmas and start to retrace from all time lows by third week of January in the New Year IMHO... unless Tidswell & chums drop yet another bombshell in the meantime of course (which can never be ruled out!).
If you wait long enough BUTD, RiverFort will be dumping a whole load more at a discount to today's SP... just need some patience. If anyone still doesn't understand how this works, take a look at today's RNS via UKOG... they've still a way to go... but we've only just started the dumpathon :-(
If they take until the end of this year to make the announcement... they would also have to update shareholders on their success versus "outlined drill strategy" for 2019... which could be VERY embarrassing!