Discussion in 'Stocks & Derivatives' started by VRS, Mar 19, 2013.
Meeting cancelled as they resigned
What am i doing here in Perth......
Visit Perth mint
Scyb let us know how it goes. The new meeting.
I am stunned - what an incredible event we've managed to organise...
Wasteful Winton and Who? Brasserie-Lunch are now GONE.
The company announced more drilling results this morning, so the creeps could get their mitts on more 'performance shares' - and then promptly RESIGNED.
There should've been a public lynching - but I reckon they'd guessed as much so didn't even have the balls to resign earlier in the week to save everyone their travel exxes to Perth.
This was after Willesee (also 'Chairthing' of MNE - check out the sp history of that mess!) apparently spent his own cash getting a communications company to ring round all shareholders & send us a letter telling us how to make any changes to the BoD would pose 'EXTREME RISK' to the co's prospects - total bullcarp of course.
So now all our comrades are gathering in Perth for a celebration - Wish I was there.
Thanks to that rabble-rouser Southern Cross (HC Marakai) for all his efforts too...
This is a momentous day, which I'm sure will go down in ASX history as a kick in the bollocks to overpaid, undertalented, ineffectual, arrogant, gravy train paper pushers sitting on company boards everywhere.
I guess I'll have to put the can of tar and pillowcase of feathers away for another year...
Absolutely. Cant believe some shareholders actually won a battle against this utterly loathsome class of society.
Needed some high powered rebels though. Hard to replicate.
Our very own Scyb here was one of the RM team VRS, (hope you don't mind me pointing that out M8)
The only thing at all I had to do with it was my usual buthurt complaining and pointing out the absolute crap shareholders of the ASX
have to put up with from directors (EX NOW) that treat us all as pond scum not worthy of an email reply while they collect their dues.
Gotta say though, I am proud of the company I keep on BGS .
I don't know the old or new directors from a bar of soap, but let's see everyone's opinions in a few years time.
People start out with good intentions, then they usually get sucks into the underbelly of the world they enter.
In a few years time, I expect that a lot of people who have held 'decent' lithium shares from this level in today's prices to be sitting pretty if they have chosen correctly.
There are no ifs or buts about it at all, Lithium is the new energy form for the next two decades at least.
There is a plethora of information out there to confirm my claims, and hard rock lithium is the supply of choice for the current bunch of processors, also a bunch of information to back that up as well with a little research.
Company structure, directors, management issues etc pale into comparison with the coming demand for quality assets.
Iron content, Grade, Strip ratio, Defined deposit X grade are things that you want to be looking at overall. Salt lakes might be all the rage for the long term , but if the Processors are geared to hard rock for ease of manufacturing and supply and just a years worth of rain in the Brine supply can delay supply until things dry out where do you think processors will look for a guarantee of supply?
Oh and if the market fails ? How much Gold does BGS sit upon ?
New 1 year low, time to buy in?
Everyone who's been excited by this company has had ample opportunity to load up. Now holders've only got a shallow pool of buyers to scrabble for to reduce exposure as they contemplate risk of execution and time stretching out till it actually makes money.
Good potential support at 15? Bit mischievous.
Oh what a problem child!
Good or Bad??????????
Looks pretty mediocre, leaning towards bad to me!
Looks like the new directors really lifted up the rug on some dodgy goings on. Quite a lot will need to be resolved before the company can continue moving forward. This will easily drop into the teens once trading resumes...
The only consolation is that the new team does seem competent and the resource is still top class.
BGS relists tomorrow morning - I'm at the shareholder info session in Bris 10am.
The fun starts here.
up 51% on the open.
Back in the black, W00T!
I had actually completely forgotten about the whole BGS thing and was simply holding.
So what's the go on this one now?
Given that most of the mining companies seem to be rock bottom at the moment, I'm inclined to just keep holding.
I do a believe I called the absolute bottom on this one
Still 48 per cent up today I am going to hold.
Head over to Hotcopper for the latest chat - I attended the meet today in Bris - all very positive
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