SI6 0.00% 0.1¢ si6 metals limited

Ann: BML Granted Three New Prospecting Licences-BML.AX, page-26

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  1. 144 Posts.
    Thanks Boris, I have looked back through the history of the company. I can see that they have raised a lot of money from "mum and dad" investors. I can also see that at various times those same investors would have made a lot of money had they chosen to sell before the nickel price collapsed. Personally I have rarely seen "investment banks" take substantial stakes in small companies. In fact I never have in 20+ years seen an investment bank take a position in a penny stock. What I can see quite clearly is that the fortunes of the company have been terribly effected by the collapse in the nickel price which has nothing to do with the skill of the board or there partners. This fact alone is probably 95% of the reason that the investors in the 2014? capital raise are not sitting on a small fortune.

    I have done plenty of research into Pat Volpe. I have discovered that BML is a spin out from A-Cap Resources which went up about 100 times. This was uranium, then came Fukushima etc and it went back down again. Again no fault of management. I can also see he had an involvement with an Avi Kimmelman who is now on the board of BSN and QUR, both of which have burnt through a stack of investor money in some fairly dodgy looking transactions (It seems Avi Kimmelman's contact Mr Yeshuda Szenda stole several hundred thousand dollars worth of used phones in a very shady looking transaction). In the company QUR, which I have posted on plenty if you want to go and check, you will see that again Mr. Kimmelman hasn't exactly covered himself in glory. I would put the blame for the failure of both BSN and QUR squarely on Kimmelman rather than anyone else.

    Looking back through your posts perhaps you could disclose your relationship to Mr Kimmelman to everyone here so we can have a balance perspective on where you are coming from?

    Also I would like you to go on and on, because so far you have failed to point to any concrete facts. All you've done is tried to sling some mud at Mr. Volpe when the companies real issue is the collapse in the nickel price?
 
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