BSX 0.00% 2.7¢ blackstone minerals limited

Investments - risks and rewards - Absolutely.Lack of integrity,...

  1. 42 Posts.
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    Investments - risks and rewards - Absolutely.

    Lack of integrity, transparency and competency - should not be tolerated in this business.

    The top 5 shareholders hold more 60% of the shares and they invested in many other companies - these companies would just offset if BSX does not deliver the goods. 10-15% share holders are BSX board and executives who got the shares issued to them at no cost to them. So when come proxy they volte themselves for renumerations and performance right. They will always get their votes, so the remaining 25-30% general public shareholder never get their fair voices.

    The trade practice and compliance must be reviewed to ensure not malpractice and non-compliance have not been compromised.

    This company has potential, but >45M of investment raised fund spent over the last 12months which needed to be investigate. The other 15M are supported and accounted for.

    7t of concentrate treated - that is 700kg of Ni if they treated based on 11-12% Ni in the feed and assumed at 95% extraction - this data must be available and reported.
    The 2.2t of (MHP) mixed hydroxide produced in this plant is NOT NCM - this equate the nickel content is less than 30% this similar or low end with laterite MHP
    Nickel and Cobalt sulphates productions - no information on these products - Battery grade product must be certified chemical report from independent analytical services and normally accommodate with the samples send to off takers for evaluation and also used in the Safety Data Sheet (SDS)


    To report the pilot is success - integrity and transparency must show the information to support the success.

    The lack of details would not win any investors including big investors and partners. We are here at this SP because the information for bankable are still not there or reported.

    Regardless how much investment people make in any ASX companies - they must invest based on verified data and compliance to ASX code of conducts. ASIC codes are there to ensure trade practice integrity is up hold. ATO to claim R&D, all information must be fully supported by ATO rules.

    This is important that the hard earning money investors such as retirees, semi retirees moms and dad money are not being mis-spent.

 
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