ETM 4.17% 2.3¢ energy transition minerals ltd

predicted share price, page-369

  1. 608 Posts.
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    Hi Everyone
    I have talked a lot about summarizing the achievement's, or the lack of achievement's, by this company and it's management from the shareholders point of view based on the company's these published facts, here is a summary:

    1) As we all know, since I researched it from the company's annual reports, and put it out, we know what the figure is as to what the company raised and spent in the last 12 years.
    The number is, over the last 12 years, the company raised and spent 269,000,000. In doing so that is, raising money throughout 12 years, the result is that the company watered down the number of outstanding shares very significantly, while increasing the total number the number of shares outstanding from the initial number of around 100,000,000, to today, the shares have increased to 1,200,000,000.(1.2 billion shares), again its
    100,000,000 to 1,200.000.000 (100, million to 1,2 billion shares) . These increases in the outstanding shares represents a 1200% increase in outstanding shares. Obviously, as I said, this has caused a very significant dilution for we shareholders and our shares.

    2) The Company gave away an option program which ended up being worth about 204,000,000 when the options were exercised.

    3) The Company first promised to be in Production by 2012, in a report to the ASX. I noticed someone on this thread had predicted a profit once production commenced of 240,000,000 a year. This would mean that the company if it had been able to commence poroduction as they said they would in the ASX document they submitted, by the end of the next month would have received 7X240,000,000, in profits. So we can put real costs caused by the company failing to meet their goal and time line for the commencement of production. The Company missing their own deadlines every year to today has cost us all $ 1,680,000,000 (1.6 billion). This is the real money that has been lost by the company's ineptitude and failures in missing every one of its published goals and its own predicted commencement of production year after year after year to today.

    So, I guess the question is : How much dies it take before even people who are so close to the company, such as a number of posters here on this blog, before we all stand up and say, that enough is enough. When we finally see that wasting a little less that half a billion dollars over 12 years in spending and giving money away while at the same time sacrificing 1,600,000,000 in profits for not managing and getting GGG licensed and built and in production such that we might have put that 1.6 billion profit in our pockets instead of missing it totally because of the company's incompetence

    When, how much needs to be wasted and lost, when will enough be enough? Remember, those who fail to learn from truth are doomed to repeat it. Do any of you want to do this again and still be here in another 12 years?
    Not me. Change is good, we need some good after all this failure..

    Ciao
 
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2.3¢
Change
-0.001(4.17%)
Mkt cap ! $32.40M
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2.3¢ 2.4¢ 2.2¢ $48.88K 2.193M

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2.4¢ 10957 1
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