Originally posted by Atomic Toad
Originally posted by Hingdog
It wasn't hard to see coming ... I wonder if those who attacked me for saying a CR was on it's way will now apologise?
No chance Hingdog
Rampers have had their heads in the sand since the stinker SK ann.
The market knew what the outcome would be which is the reason for the sell down to the current SP.
All the way down management has made mistake after mistake.
But the mining experts who post on here continued to amaze the forum with their knowledge.
Only one problem.
They know about mining but know nothing about how the stock market works.
Huge difference.
But the crowd could not see it now the majority are sitting on massive losses with dilution coming
their way.
The road back to anywhere near 10c is going to be long and hard.
Personally I don't see how management has the experience to do it.
I posted a lot about this when the SP hit 14c and the ramp crew were calling for insane SP well above
that price.
Bullied and abused for my input but I hope at least one or two sensible souls listened.
Luck will not help now this is beyond that point share holder faith is smashed.
The experts were proclaiming this awesome when they knew ( or should have or if they did they didn’t come clean to the others with less knowledge here ), that the projected extraction cost was near or even below the market rate for the key mineral- nickel.
Their dishonesty or lack of the ability to step back & look at the basics is now obvious.
We even had some blasting bigger deposits with smaller market caps & lower projected extraction costs.
How is that in any way being impartial & judging things based on their comparative merits?
It’s not.
I’d be asking some of the experts ‘who they work for’.**
**If I saw any value in such a question, which I don’t. Who cares who or what someone works for? Ultimately we all work for the same people- those who live behind our front door & those in Canberra.
We should be able to compare things while ignoring the name at the top of the company announcement.
Can this go ahead? Of course it can. Once it proves itself by finding funding.
Until then I’ll stick with companies that are better on paper & they do exist- ( shocking, right? There’s actually more than 1 company on the ASX! ).
Objectively speaking ( I’m a cynic by nature when it comes to other men ), it made me shake my head to see BB’s signature at the bottom of a correctly worded letter to the ASX.
He cut everyone here out of being able to trade back at 6cents just to be a smarty pants but now he can speak normally?
All that shows me is a smarty pants. When he thought everything was cool? ‘Hey ASX- here’s a smart Alec response!’
Now? ‘Dear ASX, here I am to speak in the correct manner to you because we’re on our a!’ ( which could quickly be swapped for an ass for them to ride out of town on as the angry holders throw tomatoes at them ).
He may have been the correct person to sign off on that as per company structure but seriously- just bench him for a while at least. Give him a broom for gathering up the office detritus & let the cleaner do the signing for a while to teach him some humility.
Let him feel the way many holders feel at the moment. Down in the dumps.
Their solution to a damaging no money down deal falling through? ‘Offer more shares to non holders at a discount!’* Why not make it an open CR at the very least? Give the few truly faithful left a fair chance at some of the shares, especially if they are to be discounted. Bam. Immediate sense of reward & inclusion for some retail holders.
*discounted shares to non holders is nothing strange in itself but considering how things have been handled here in the last 12mths it’s just salt in the wound at this point.
(20min delay)
