of course people were buying in 2010 at 18p. Edison publish a report in Sept. 2010 putting a 61p upside on the share..it spiked behind an unprecedented stream of good news. Look at the RNS's from Sep1 - Dec 31. Look at the number of positive RNS's - an unprecedented flow of positive news flow - remember Sally White "Red Rock Runs Rampant"...remember Kansai / IPCM, maiden dividends and £6.7m windfall payments........who are IPCM? Caveat Emptor!
Why anyone takes Omar seriously is beyond my understanding...,he looks to be a paid worshipful ramper to me...just my opinion, no data....but cannot fathom how anyone can seriously support this company and management in the face of unmitigated shareholder value destruction and director enrichment...
is is almost word for word the same line taken in 2011 when shareholders were still being told the Kansai IPCM was live. What you should expect to see is the Greenland deal rescinded but you will only find this in the small print of the 2014 annual report...and if you push Bell on this in 2015 I predict he will tell you he always thought the Greenland buyer were "men of straw"..of course if things run true to form you will never get this news released in an RNS. Meanwhile..which other parts of the business ate working...other than the admin expenses business which is working very nicely for some people. Wouldn't you agree Omar?
On iii this morning Omar quoted Bell who was downplaying the prospect of the deal going through in Greenland....tha
If KCM go bump...do you think someone else with deep Chinese pockets might acquire the assets?
Adam 2012 ...I think you were sold a dud ecigarette ...you are smoking something else entirely
More nonsense from Omar....dilution does not increase value....it dilutes....and what dilutes more is say when a company ramps it's price up to say 17p a share on an unbroken stream of stellar future projections, talk of maiden dividends etc...this is not "objective value" it is hype, speculation and greed. Then you get your mates to buy a chunk of equity at 14p ....which to private investors looks like an underpinning of value...only to find out later, prior to the 14p buy, they had been shorting at 17p. That complete value destruction for PIs ...if you want to see what such a situation might look like ...go look at the 2010 to 2014 share price plot for Really Rotten Resources...you'll get the picture...only one way to increase value sustainably in real businesses....revenues and profits.....now Omar...how much money does this RRR make...? Who pays the worshipful Omar to post such tosh? We should be told....I mean he seriously can't believe what he writes any more than anyone can believe it...so the only logical answer is he is providing someone with a paid for service? Either that or he is completely barking....so what safety the worshipful Omar..mad or bad?
Poor poor RRR...such rotten luck, such unreliable partners, who would have thought IPCM "a financially strong partner" were actually "men of straw"...who other than your Fuhrer that is
Greenland deal? Can anyone believe this nonsense? Imagine this was your house you were selling...would your wife think you had a buyer?