Black Cat JV, page-6

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w27

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07/05/21

14:03

Post #: 53018665
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Originally posted by Quiono: ↑

4COL, this stock is like Death by a thousand cuts.
Have the new management learnt nothing about the price paid by Dave for his lack of appropriate communication?

One of the beauties of having a lot of (Minority owned) JV's, is that the work load on management is diminished. Yes, they can use that privelege in a number of ways: 1. They can concentrate on the remaining projects that the comany has. 2. They can extensively engage on a regular basis with the various JV partners and communicate progress to the shareholders. 3. They could move offices closer to the Cocktail strip and have long lunches talking about the suckers who are financing it and how long they might get away with it.....

I am leaning towards our management engaging in number 3 more than 1 or 2.

If you are reliant on "Partners" for the future success of a company and the share capital that is invested in it, there is an obligation on both parties to communicate how the investement that you are curating is being used. All I am hearing is crickets

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Originally posted by Quiono: ↑

4COL, this stock is like Death by a thousand cuts.
Have the new management learnt nothing about the price paid by Dave for his lack of appropriate communication?

One of the beauties of having a lot of (Minority owned) JV's, is that the work load on management is diminished. Yes, they can use that privelege in a number of ways: 1. They can concentrate on the remaining projects that the comany has. 2. They can extensively engage on a regular basis with the various JV partners and communicate progress to the shareholders. 3. They could move offices closer to the Cocktail strip and have long lunches talking about the suckers who are financing it and how long they might get away with it.....

I am leaning towards our management engaging in number 3 more than 1 or 2.

If you are reliant on "Partners" for the future success of a company and the share capital that is invested in it, there is an obligation on both parties to communicate how the investement that you are curating is being used. All I am hearing is crickets

Expand

I suspect that there is nothing to communicate concerning the JV with BC8. BC8 have just poked a few holes into the JV ground and seem to have enough reserves in their own ground for the short term. they probably have enough information on the ESS ground for long term planning and will return there in due course. Anything said would raise the ire of ASX.

ESS Price at posting: 9.1¢ Sentiment: Buy Disclosure: Held
4 Upvote

2 Great analysis

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Black Cat JV, page-6

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