@nondiscrypt - please kindly take a number and wait your turn
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I wonder the opposite,
who brought yesterday?
@tuts thoughts on this old post of yours now?
https://hotcopper.com.au/threads/does-low-sp-perhas-suit-the-management.3863900/#.WzFqxhL-hm9
re:
I said a while back the minute you start talking 249D the market will abandon you, these type of scenarios rarely work out for the betterment of the company......
As you continually suggest this, could you kindly give examples of any 249D actions that have not been successful in all aspects including if the resolutions were passed and the company/s failed, or the resolutions failed and the company/s still failed?
Or a percentage of the number of 249D's issued that were/weren't successful?
re:
but those that believed they knew better couldnt let there egos settle down long enough to think it through clearly
Wouldn't the person or group of large shareholders be more concerned about the erosion of their investment to take the steps of issuing (or suggesting issuing) a 249D versus being egotists?
It obviously had some effect on the current board with the Letter to Shareholders that was released on the 20th, maybe thats all it was, a plain old wake up call to the management.
re:
honestly what did people think when you have posters for the last 2 years dragging every little announcement up from the past 10 years and picking only negatives from it,
I actually found this quite amusing considering that since you sold out of GPP you have done nothing but chastise management for all the things the said posters highlighted as being their shortcomings, as well as changed your views dramatically on the viability of any of GPP's projects.
It is plainly obvious that GPP management have problems in being able to bring any project they commence to fruition versus "oh look" Lithium is hot and off they go chasing the next big thing in market sentiment, and as you have said it will be Kopang and Cobalt next if they can't delineate the Lithium at Turesi and again that would be their usual modus operandi and all whilst they continue to credit raise and ask current share holders for support.
Everything the posters highlighted was all based on factual information taken from either the company's project/quarterlies or financial announcements, as well as highlighting the continual missed timelines, the fluff in announcements, the delays and the list goes on and continues to grow with the inept performance of the current management of GPP. It is also quite obvious there is merit in these posts referencing management as the sentiment towards management has shifted to shareholders expecting and demanding results/answers as their investment and share price continues to decline.
As you are obviously suggesting that "I" bought in again, could you actually tell me what you assume was the time line that this alleged purchase was made? I'll be curious as I can chase up with my brokerage company where they are.......
You also keep suggesting that this action (249D) isn't the best course to take, and from memory you also suggested sitting down with King like gentlemen and discussing the issues.
Maybe thats what happened? Maybe King did say, go away?
So their next option was to draw up a plan to issue a 249D, and as you have reminded us of them reading the threads, King was aware of the impeding 249D but then saw an avenue to bring this to an amicable solution, hence the alleged bear hug and letter to the Shareholders?
I will concur that the "chest beating" was utter rubbish and the failure to issue the 249D when they suggested they were going to was a big mistake.......
But do you think that the large shareholders, given the current managements performance, could idly sit and watch as their investment is eroded away, hoping on hope that the same management that have failed in the past to bring a project to fruition would be able to turn this around?
All IMO only
cheers