Ben, re :"Why can't Copulous give the company a loan? Isn't he...

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groundzero

29,310 Posts.

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17/07/15

22:05

Post #: 15654365
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Originally posted by benerick ↑

If posse has lost money again last quarter the sp action after the release of the quarterly is going to be brutal..

I'm hoping we'll at least break even but it seems unlikely. Iron ore has averaged this quarter about the same as last quarter. Still can't get my head around how posse is losing money producing a 62% fe product for $14 a tonne.

A well written report explaining their costs and sale costs at posse would do far more for the share price than a 15 min presentation at some bullshit conference. How much did this cost the company btw?? I could imagine first class flights and a nice hotel, amongst other "descretionary" things. 10k??

I said it before when they presented at the mines and money conference at china or some place. If they did their bloody jobs and drove the company forward the share price would follow. There's already plenty of investors watching on the sidelines. Attracting more isn't going to do anything. People need a reason to actually invest and crusader isn't offering one. Ounces of gold in the ground doesn't mean sheet when we have a piddly little amount of cash and 5mil debt. The lack of disclosure doesn't help either.

I get this nasty feeling another capital raising is just around the corner. Between SC buying small amounts of shares to prop up the price and the small announcements about the tiniest bits of positive news and now the noosa conference. It doesn't sit well with me at all. Sell borborema!!!

Why can't Copulous give the company a loan? Isn't he worth tens of millions? The increase in the SP would cover the amount he loans out pretty much instantly anyway.. Now that's a pipe dream haha

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Ben, re :"Why can't Copulous give the company a loan? Isn't he worth tens of millions? ".....there comes a time when even Steve will want assurance of some return on his money".
He's a great guy, a good businessman.....and not flaming silly. lol

GZ

CAS Price at posting: 17.5¢ Sentiment: Hold Disclosure: Held
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