BSX 0.00% 3.4¢ blackstone minerals limited

The amount of incompetence here is unbelievable. The directors...

  1. 1,721 Posts.
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    The amount of incompetence here is unbelievable. The directors have been given plentiful time to execute on mistaken business strategy which meant to be focusing on the nickel refinery and searching around to lock nickel feed instead of developing own nickel mine in Vietnam. The partners are looking for a reliable source of nickel ore and not for another refinery (plenty of them exist in China already).

    Now the company must be put on ice to survive. All directors must reduce their remuneration and be paid solely with stocks until a jv partner is found. This is a company that should have maximum 250k dollars per quarter as expenses. They can do it if they cut down on first class air tickets and expensive meals with clients.

    They should also scrap the Manitoba deal and also find a buyer for their British Columbia assets.
    Last edited by astavrou1: 27/09/24
 
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